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Author: ngcpa 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 77104  
Subject: Re: Rolling Over 401k into Roth IRA Date: 1/17/2004 11:35 PM
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Spring Change:
In order to do that, you would have to close your 401k each year and
start a new different one. I am not sure you can do that. Actually I
have been doing about what you are saying with a traditional IRA. When I
went into business for myself, I rolled my company's plan into a
traditional IRA that I already had. Back in 1998 when you were able to
roll into a Roth and spread the taxes over 4 years, I rolled a large chunk
of it into a Roth. The last few years I have been rolling the remaining
money a peice at a time. I roll an amount equal to what I am contributing
to my relatively new 401K. I am hoping to get a large block of money in
my Roth, as it it will sort of be my pension. I don't think you can roll
a portion of an ACTIVE retirement plan into a Roth.
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