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Author: buznitz One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75890  
Subject: Re: Q: IRA conversion to Roth IRA Date: 11/13/2001 6:44 PM
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Thanks for your comment, but I think 401(k) roll-overs are handled differently than Traditional IRA to Roth IRA conversions.

In early 2000 I requested a direct conversion from part of a 401K to an IRA. In order to transfer 100K into a IRA CD @7.5% I was required to withdraw $101,256. I received a non-taxable check for $1,256, and had the CD opened for 100K. The 401K was in a mutual fund which would have declined considerably since then. Actually lucky I guess (wish I had transferred all of the 401K). After-tax dollars have to be taken out of tax-deferred accounts (IRA's or 401K) in an amount proportionate to value of the account. The administrator of the account calculates the factor.
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