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To: Casaubon who wrote (9797)4/4/1999 5:21:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 99985
 
Hi Casaubon

The 401k is a employee benefit program and can not be rolled over until some time in the future.

Gersh



To: Casaubon who wrote (9797)4/4/1999 11:15:00 PM
From: Skipperr  Respond to of 99985
 
******OT*******

Hi Casaubon,

One way to roll a 401 type account into a Roth IRA is to select 401(a)with your employer, taxes taken out at contribution time, rather than 401(k), taxes deferred. With the 401(a), your employer should let you do an IRA transfer at anytime so you can set up that Rollover Roth IRA. Although you pay taxes on initial contribution, the investment will continue to grow tax-free.

With the 401(k), I believe you have to leave your employer in order to do a rollover, or transfer. This is my understanding...

Good luck,
Skipperr