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Can I convert from 401(k) to Roth IRA?

Date: Tue, 08/01/2017 - 23:35

Submitted by stevegates
on Tue, 08/01/2017 - 23:35

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Total Replies: 4

Can I convert from 401(k) to Roth IRA?


Can I convert from 401(k) to Roth IRA? Will it be a good financial move?


Yeah, you can (but it wasn't possible before Jan 2008) and practically you'll get few benefits for doing that.
Typically, Roth IRAs have more investing options than 401(k) retirement plans. With a Roth IRA, you have more control over your investment options than in a 401(k) retirement plan. And the most importantly, Roth IRAs provide investors with the ability to withdraw not only their contributions but also their earnings, interest and dividends tax free in retirement.


lrhall41

Submitted by Barbara Delinsky on Wed, 08/02/2017 - 06:55

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It makes sense to convert 401(k) to Roth IRA in the following situations:

You expect that your income will increase in the future.
You want to withdraw money only when you're ready


lrhall41

Submitted by ditchdebt on Thu, 08/03/2017 - 05:21

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