How To Convert 401K To Roth IRA?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The company providing the Roth IRA should be able to support you fully in the process of rolling a 401(k).  Make sure that you understand the tax implications.  It is preferable to allow the company that is going to end up with the funds to initiate the roll-over.  There are many problems if you start with your 401(k) plan administrator as they are required to inform the IRS of any withdrawal from the plan.  It is better if the proceeds pass from the current plan administrator to the company providing the Roth IRA
    Answered on July 8, 2014
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