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re: Paying taxes on a 401K in plan Roth IRA conversion. (converting stock to Roth)

Posted on 2/20/13 at 10:54 am to
Posted by Siderophore
Member since Nov 2010
3338 posts
Posted on 2/20/13 at 10:54 am to
Pretty much.

Now if you put it in a traditional IRA you wouldn't have had taxes.
Posted by BOSCEAUX
Where the Down Boys go.
Member since Mar 2008
47829 posts
Posted on 2/20/13 at 10:58 am to
One more question. If I pay taxes on this shouldn't the money be mine free and clear to do with as I please. I don't understand why I'm being told I can't pull it out if I choose to. All other after tax accounts you can pull cash out of.
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