Question: I am a retiree and have a 401K plan with former employer that I wish to convert to an IRA. The 401K has both pre-tax and after-tax money.Can both the pre-tax and after tax 401K monies be invested(roll-over)in to separate IRA's with a broker as a Custodian?Would the after tax 401K money in effect be then similar to a ROTH IRA, being that it is taxed money?
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