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re: Should I rollover an old 401k?

Posted on 8/21/14 at 9:59 am to
Posted by Htown Tiger
Houston
Member since Sep 2005
2312 posts
Posted on 8/21/14 at 9:59 am to
quote:

There shouldn't be any tax implications if I put it in a traditional IRA, right?

There wont be any tax implications on the rollover itself, but if you plan to do a backdoor Roth in the future, there will be some implications down the line.

All depends on whether you still want to contribute to your Roth since you are over the limit now. If you don't, know worries- go forth and convert. If you do, I'd look into the implications of future backdoor Roth contributions while you have another tax deferred IRA account.
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