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Message
re: Should I rollover an old 401k?
Posted on 8/20/14 at 9:23 am to PetreauxCat
Posted on 8/20/14 at 9:23 am to PetreauxCat
quote:
My income level is over the Roth limit.
If you plan on doing a backdoor Roth contribution, rolling the 401k into the IRA may have some tax implications when you do the backdoor. For now, its the only reason I havent rolled an old 401k into an IRA.
2
Posted on 8/20/14 at 9:37 am to Htown Tiger
There shouldn't be any tax implications if I put it in a traditional IRA, right?
Posted on 8/20/14 at 10:06 am to Htown Tiger
quote:
If you plan on doing a backdoor Roth contribution, rolling the 401k into the IRA may have some tax implications when you do the backdoor. For now, its the only reason I havent rolled an old 401k into an IRA.
OP, look into this before you roll into an IRA. It can be a big deal down the road.
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