|
|||||||
 |
|
|
Thread Tools | Search this Thread | Display Modes |
11-04-2008, 12:00 PM
|
#1 |
|
Registered User
Join Date: Jun 2006
Location: various
Posts: 251
|
Can you convert to Roth 401k?
I'm guessing the answer is "no", but let's say you have money in a 401k with your current employer, and then the employer starts to offer a Roth 401k option as well. Can you pay income tax on what's in your 401k and convert it to Roth, or can you only contribute new money to the Roth 401k, and have to wait until you separate from your employer to rollover/convert the tax deferred 401k money?
Thanks
__________________
Standard Disclaimer You didn't give me enough information to answer your question, so my answer might not be appropriate for you. In any case, don't take advice from me or anyone else on this board. It's not our life. It's not our money. You don't know who we are.
|
|
|
|
11-05-2008, 12:17 AM
|
#2 |
|
Registered User
Join Date: Aug 2008
Location: USA
Posts: 27
|
I don't think it is possible. Still waiting for others to response.
|
|
|
|
|
11-05-2008, 02:20 PM
|
#3 |
|
Registered User
Join Date: Oct 2001
Posts: 1,586
|
Domingo3,
I am with Plannerinus on this.... But I would check the 401k Summary Plan regarding contributions to your account. Also ask the 401k custodian. If this is possible, it would most likely be plan specific. Let us know what you learn.... |
|
|
|
|
11-06-2008, 09:36 AM
|
#4 |
|
Registered User
Join Date: Jun 2006
Location: various
Posts: 251
|
This is a somewhat hypothetical question. Best guess is that Roth option will come in 2010. I was asking because if you can't do a conversion, I may reduce tax deferred contributions for 2009 (and temporarily invest the difference in a taxable account) and then max out for 2010 into Roth.
I'll let you know when/if I find something out, but it will probably be a year from now. Thanks
__________________
Standard Disclaimer You didn't give me enough information to answer your question, so my answer might not be appropriate for you. In any case, don't take advice from me or anyone else on this board. It's not our life. It's not our money. You don't know who we are.
|
|
|
|
|
«
Previous Thread
|
Next Thread
»
| Thread Tools | Search this Thread |
| Display Modes | |
Linear Mode
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| To Rollover a 401k to a Ira then convert to a Roth, or not to Rollover | InqInv | RETIREMENT | 25 | 04-15-2009 03:53 PM |
| Convert 401k to Roth IRA?? | fazerman | RETIREMENT | 3 | 10-02-2007 02:38 PM |
| 401K vs. ROTH IRA - doing the math | nathan_or | RETIREMENT | 36 | 03-26-2007 08:19 AM |
| I am still confused about the Roth 401k Stuff | abqabq | RETIREMENT | 2 | 01-31-2007 06:46 PM |
| Invest more in Traditional 401k, or less in Roth 401k | markymark315 | RETIREMENT | 11 | 04-08-2006 09:45 AM |
SPONSORED LINKS
Powered by: vBulletin Version 3.0.1
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.