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rcdodd 
LSU Fan
Brandon
Member since Feb 2006
230 posts
| Best Rollover 401K Brokerage? (Posted on 1/18/13 at 3:23 pm)
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
21215 posts
 Online
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 4:10 pm to rcdodd)
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
50012 posts
Online
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 4:13 pm to rcdodd)
I would roll it over to me. But I'm biased.
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Lsut81
LSU Fan
Member since Jun 2005
55434 posts
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 4:26 pm to rcdodd)
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
50012 posts
Online
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 4:30 pm to Lsut81)
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
LSU Fan
Member since Jun 2005
55434 posts
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 6:32 pm to Broke)
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
Atlanta, GA
Member since Nov 2008
5921 posts
| re: Best Rollover 401K Brokerage? (Posted on 1/18/13 at 6:46 pm to Lsut81)
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
BRLA
Member since Aug 2012
146 posts
| re: Best Rollover 401K Brokerage? (Posted on 1/19/13 at 2:14 pm to rcdodd)
Definitely Schwab after dealing with the others you listed as well.
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