Timothy Sumer

Can I Rollover 401ks into a ROTH IRA – Can I Rollover a 401k into a ROTH IRA? 1-800-566-1002 . What are the best types of strategies when rolling over a 401k into a ROTH IRA and learn how you can avoid the most common mistakes. If you're concerned about saving for retirement and you have an employer-sponsored 401(k) plan, you might be wondering what happens to your retirement savings if you leave your employer. One option available to you is to roll over your 401(k) into a Roth IRA, which can be a smart move if you anticipate being in a higher tax bracket during your retirement years. In this guide, we'll take you through the process of rolling over your 401(k) into a Roth IRA. Grasp the Tax Consequences Rolling over a traditional 401(k) into a Roth IRA entails paying taxes on the amount converted. This is because contributions to a traditional 401(k) are made pre-tax, while Roth IRA contributions are made with after-tax dollars. The amount that is converted will ...