Are there tax implications with a 401(k) IRA rollover Roth?

Are there tax implications with a 401(k) IRA rollover Roth?
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1 Answer

Answer :

You can roll your 401(k) to a Roth IRA. A Roth IRA is pre-taxed dollars, so when you withdraw the money upon retirement, there will be no taxes on it as the taxes are already paid. You'll find this article helpful: http://www.kiplinger.com/columns/kiptips/archives/yes-you-can-roll-over-a-401k-into-a-roth-ira.html
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Related questions

How do I rollover my 401(k) to a Roth IRA?

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What are the implications of cashing out my 401k vs. doing an IRA rollover?

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Is there an easy way to switch from 401k rollover to Roth ira?

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Last Answer : You need to get a form from your former employer. Secondly, open a roth IRA account with a bank. Complete the rollover form and your employer will transfer the funds to your roth IRA.

Should I get a Roth ira rollover?

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Last Answer : If you have a 401K at your current employer you may want to consider a Roth IRA rollover. A roth IRA is for those who don't have retirement accounts through their employers.

How do I rollover an IRA to a Roth IRA?

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What does it mean to rollover a 401[k]? [context: E*trade]?

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Last Answer : There are various products for this. You can set up the Multi-Station Wandering Alarm to alert you if she leaves the house: http://www.alzstore.com/Alzheimers/multi-station-wandering-alarm.htm

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Last Answer : Wow! I thought this question was something else entirely…...guess it’s not an Irish question!

Is there any penalty with a 401K rollover to IRA?

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Why should I let my IRA rollover?

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Is my rollover IRA protected from creditors in Grand Rapids, Michigan?

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Can you rollover an old 401k into an IRA account?

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What's the difference between a 401k vs. IRA rollover?

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Is it a good idea to rollover from a 401k to an IRA?

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Where can I find information on a sep ira rollover?

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Last Answer : TD Ameritrade and Fidelity are two well-known and respected companies that offer incentives for 401k rollover. Vanguard is another great company to do business with.

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Last Answer : https://personal.vanguard.com/us/funds/snapshot?FundId=0213&FundIntExt=INT

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What's the difference between a Roth IRA and a Self-directed IRA?

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What are good interest rates on Roth IRA accounts?

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What's the difference between a tradition IRA and a Roth IRA?

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Where can I find a financial investors that have experience in making the most money from a roth IRA?

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How do you figure out the amount to invest in your Roth IRA account?

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How can I invest in a private investment with my Roth IRA?

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What is the difference between a Roth Ira and just an IRA?

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what is Roth ira contributions exactly?

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