topic Re: Roth 401K and Roth IRA in Personal Finance

Roth 401K and Roth IRA

lemon_taiyaki — Fri, 06 Dec 2019 19:14:49 GMT

Hello,

I have a Roth IRA. I was wondering if I can automatically roll a ROTH 401k into a Roth IRA or I would have to do that manually? Also, I would be taxed before the conversion...?

Re: Roth 401K and Roth IRA

Dalmus — Tue, 17 Dec 2019 22:17:43 GMT

@lemon_taiyaki wrote:
Hello,

I have a Roth IRA. I was wondering if I can automatically roll a ROTH 401k into a Roth IRA or I would have to do that manually? Also, I would be taxed before the conversion...?

Since nobody has replied...

Generally a Roth to Roth rollover isn't considered a conversion, so on the surface it would not be taxed assuming you did it in the required amount of time.

However, you should consult a tax professional for a truely accurate answer. I am not a tax professional.

Re: Roth 401K and Roth IRA

randomguy1 — Wed, 18 Dec 2019 02:43:06 GMT

Trustee to trustee? Yes.

Why? I mean there are reasons, just want to know why.

To whom? Have you thought about asking the people who would be the trustee the Roth IRA?