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Author: ibnana Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19412  
Subject: Re: Rollover 401K to what? Date: 7/3/2001 6:49 PM
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Has anyone rolled a 401K over to an IRA. Is a Roth IRA available for this type of rollover?

I think many people that post on this board have done the rollover from 401K to IRA. To avoid any witholding or tax make sure it's done directly from one account to the new IRA and that it's doesn't pass through your hands during the rollover.

After it's in the new IRA, then you can roll it into a Roth, but you will then owe tax. You also must not be over a certain income level (I forget what that amount is, but it's fairly high). You would have to run some numbers to decide if it's worth it to pay the tax and roll to a Roth where it can then grow totally tax free.

We did not do any of this, but we investigated it pretty thoroughly.

Carol
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