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 ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)