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Author: 3muttsmom Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76891  
Subject: Re: Questions on 403(b) and 457 Plans Date: 5/14/2004 8:58 PM
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I'm responding to this post, as no one else has and wanted to kick-start the thread, as I'm interested in brwhiz' questions.

What he's proposing appears to be a way around the $3K (or more for the over 50 crowd) limitation on Roth contributions. Yes, I realize that conversions are not contributions, but in this case it would amount to the same thing done over and over, yes?

I think I understand that one cannot convert a 401(k) balance while still employed at the same employer, so is this a loophole that allows those working for not-for-profits to do just that? If so, doesn't really seem fair to me.

That's why I'm curious to see what the answers are. (Unless I've completely misunderstood the questions/situation.)

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