So since I am pay NO fees for keeping it in the previous employees 401K, and I have many investment choices, and I am out of work right now so I have no new employers 401K to roll to, it makes sense to just leave it where it is???If I roll it to the traditional, then Roth IRA, I will have to pay taxes. Will the taxes come out of the investment total, or will I have to pay them out of pocket? Will I be taxed on what I paid for the investment stocks, or on what they are worth now (which is considerable less)??Will I need to pay the taxes at the time of the roll over, or when I report my income taxes for 2002?Thanks for the info everyone!
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