- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Leaving a Company
Posted on 4/14/14 at 8:52 pm to FootballNostradamus
Posted on 4/14/14 at 8:52 pm to FootballNostradamus
quote:
If I roll it straight over it won't get taxed, right? Is there a max I can roll-over into an IRA? I've been contributing to this 401K for a while, it's pretty substantial.
Make sure you do a traditional (not Roth) IRA and the rollover won't be taxed as income.
It's pretty straight forward. Just make sure to take down contact info for your 401k plan administrator, set up your IRA with someone like Vanguard and contact the 401k administrator to move your money after you peace out.
This post was edited on 4/14/14 at 8:54 pm
Posted on 4/14/14 at 9:20 pm to ZereauxSum
quote:
Make sure you do a traditional (not Roth) IRA and the rollover won't be taxed as income.
It's pretty straight forward. Just make sure to take down contact info for your 401k plan administrator, set up your IRA with someone like Vanguard and contact the 401k administrator to move your money after you peace out.
Thanks! I already have an IRA, but it's a Roth IRA. Would it make sense to start a traditional IRA with this fund or declare it, tax it, and put it into the Roth IRA?
I'm 26 FWIW.
Popular
Back to top
Follow TigerDroppings for LSU Football News