How To Roll Over 401K To Roth IRA?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   A 401(k) is funded with before tax contributions.  Income tax has not been paid on either the amount contributed to the plan, the employer’s contribution if any, or the gain the plan has realized.  That income tax would need to be paid if the 401(k) were rolled into a Roth IRA.  The preferred method for any roll-over is a direct, trustee to trustee exchange.  If you accept your 401(k) in cash you must roll-over the amount quickly and carefully.  See a licensed insurance agent to accomplish this roll-over.

   Answered on August 25, 2014

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