you cannot rollover your 401k directly into roth ira. you have to first roll it over to a regular ira and then convert to a roth ira. should you convert or not? it depends on many circumstances and you have to decide what is better for you. read all about iras, here's the direct link: http://www.fool.com/money/allaboutiras/allaboutiras.htmi have a similar situation (401k from old company) and i decided to open a rollover ira (self-directed at a discount broker). i think i am going to leave it as an ira-rollover and separately from that start a new roth ira.hope this helps,gg
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