Started By
Message

re: Various Financial Questions

Posted on 1/3/13 at 2:32 pm to
Posted by Lsut81
Member since Jun 2005
80360 posts
Posted on 1/3/13 at 2:32 pm to
quote:

The Traditional vs Roth IRA debate in this sense matter with your age


We briefly discussed it earlier... So if I was going to be taxed and have to put up the money out of pocket for rolling to a Roth, why couldn't I just pull my cash out of my 401k as if I was just using it... Hold back the $$$ I'd pay in taxes and then invest the rest into a new Roth. I wouldn't be taxed on that 401k withdrawal until year end, correct?

Also, feelings on IRAs being with the likes of Scottrade?
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 1/3/13 at 2:47 pm to
You pay taxes on the funds you withdraw from the 401k PLUS a 10% penalty.


I have my 401k and Roth IRA with Vanguard. I really like the low fees of Vanguard.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram