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Greetings, Tjvc, and welcome. You asked:

<<I am leaving one company for another and have heard I can transfer the money from my old 401K into my current Roth IRA (which I will be taking personal control of at the end of the year). How do I go about it?>>

The only way you may transfer your old 401k money to a Roth IRA is to first transfer it to a traditional IRA. Once in the traditional IRA, the funds may then be further transferred to a Roth IRA. On transfer, the proceeds become taxable to you. As to how you do that, any IRA provider can walk you through the necessary steps. The real question is should you do it. And unless you can pay for the income taxes due on that transfer out of assets other than those now in the 401k, the answer is generally no. For details, see my analysis on this board in post number 1567 at http://boards.fool.com/Message.asp?id=1040013000441002&sort=postdate . You must do a similar analysis to see how it would work for you.

Regards..Pixy
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