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To: Dennis Kern who wrote (113036)3/28/1999 6:28:00 PM
From: edamo  Respond to of 176387
 
dennis...re...401k...roth..

not the correct person to ask...better you query chuzzlewitt or mark peterson...they are much more qualified than i....to me roth is a guy with a bad hairpiece from the diamond state...

thanks, ed a.



To: Dennis Kern who wrote (113036)3/29/1999 9:59:00 PM
From: On the QT  Respond to of 176387
 
Call 1-800-588-4472 will give you specific answers to your question(s)



To: Dennis Kern who wrote (113036)4/19/1999 10:33:00 AM
From: jbn3  Read Replies (1) | Respond to of 176387
 
Rolling a 401K into a Roth

Dennis,
JMHO, but I do not think you can. I believe that you must first roll it over into an IRA, and then into a Roth.

However, for a definitive answer, ask the custodian to be! You know where you're going to roll it, so ask them.

For a general answer, ask your question on the taxes thread....
Subject 17266
There are a couple of extremely knowledgeable CPA types over there who have been unbelievably willing to share their expertise.

jbn3



To: Dennis Kern who wrote (113036)4/19/1999 11:00:00 AM
From: LemurHouse  Read Replies (1) | Respond to of 176387
 
**OT** re rolling 401-K into a ROTH.

I looked into this same question last week and was told that one must first roll the 401-K into a standard IRA, and from there into a ROTH. Two steps, not one. Be sure you meet the eligibility requirements regarding the Roth conversion, as not everyone can do this.

Also, its not at all a slam-dunk that converting an IRA into a Roth is a good idea. Depends on how close you are to retirement age, and what your projected rate of return would be on the money that you would be paying in taxes at the time of the rollover.

Best to consult a tax advisor, I think.

Rgds.