Best Rollover 401K Brokerage? | TigerDroppings.com

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rcdodd
LSU Fan
Flowood
Member since Feb 2006
267 posts

Best Rollover 401K Brokerage?



Fidelity, Schwab, TD Ameritrade, etc...they all look the same, any opinion on the best? The cheapest? THanks.






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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22559 posts

re: Best Rollover 401K Brokerage?


I'm a Schwab fanboy along with a few others on the board. Incredibly easy to deal with and there is a live person to help if you have any questions. I'm about to roll my wife's municipal pension over to an IRA with them. I called a few weeks ago and they told me everything I need to do. I just haven't done it yet.





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56656 posts

re: Best Rollover 401K Brokerage?


I would roll it over to me. But I'm biased.





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Lsut81
USA Fan
Member since Jun 2005
64948 posts
 Online 

re: Best Rollover 401K Brokerage?


Im going back and forth between Vanguard and Schwab...


For anyone in the know, as I read it, as long as I roll it to a roth before April 15th, I would claim that income on my 2012 Taxes, correct?






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56656 posts

re: Best Rollover 401K Brokerage?


quote:

For anyone in the know, as I read it, as long as I roll it to a roth before April 15th, I would claim that income on my 2012 Taxes, correct?


What are you rolling? I assume a 401k. And I don't know why it would be taxable in 2012 if you did the conversion in 2013. But I'm not a CPA either.






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Lsut81
USA Fan
Member since Jun 2005
64948 posts
 Online 

re: Best Rollover 401K Brokerage?


quote:

To enroll, call Schwab at 800-750-9073 or stop by a Schwab branch between now and December 31, 2013. Open your IRA before April 15, 2013, to make your contribution for tax year 2012


I was just assuming that since your contribution counted for 2012, that tax implications would






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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8801 posts

re: Best Rollover 401K Brokerage?


quote:

I was just assuming that since your contribution counted for 2012, that tax implications would


I think since you are taking the money as income this year you'll report it on 2013 taxes. But this is definitely a CPA/tax expert question.






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Dice410
Auburn Fan
Metro NashVegas
Member since Aug 2012
1260 posts

re: Best Rollover 401K Brokerage?


Definitely Schwab after dealing with the others you listed as well.





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