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Message
re: Old 401k - what to do with it?
Posted on 1/24/13 at 9:06 am to Lsut81
Posted on 1/24/13 at 9:06 am to Lsut81
quote:
has the option to withhold income tax from this rollover if I choose to move it to a Roth...
Nevermind, it was as I suspected, the $$$ that they withhold for taxes would be assessed a 10% penalty because it would be seen as a cash payout.
Guessing its better to stick with the original plan and roll it to an IRA and then open a separate Roth and fund it out of my savings/checking.
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