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re: Various Financial Questions
Posted on 1/3/13 at 2:32 pm to polizei11
Posted on 1/3/13 at 2:32 pm to polizei11
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 on 1/3/13 at 2:47 pm to Lsut81
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.
I have my 401k and Roth IRA with Vanguard. I really like the low fees of Vanguard.
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