UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: trillis Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75376  
Subject: Taking Control Date: 10/8/1998 11:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I've got a Roth IRA conversion account that I converted this year at a discount broker. The account has about $1300 in it. I have not made a contribution to this account this year. I also have a 401K from an old employer that is in a mutual fund. I want to direct the 401K money myself since I don't like the funds my old employer offers (no S&P index fund). Is it possible for me to transition my 401K funds into my Roth account or is my only option to roll my 401K into a traditional IRA? According to my broker, I can roll my 401K over into a traditional IRA account, I'll have to open another IRA, and afterwards transfer that money into my Roth. However, he was much too unsure about this process to make me comfortable. Is it possible for me to do this? Any guidance will be greatly appreciated.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

The Future, or What's Left of It
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement