http://tightfistedmiser.com/2008/02/28/enrolled-in-401k/ Extreme Frugality - How to Live Well on Very Little Sat, 31 Jul 2010 21:57:05 -0500 hourly 1 http://wordpress.org/?v=3.0.1 http://tightfistedmiser.com/2008/02/28/enrolled-in-401k/comment-page-1/#comment-14042 Becky@FamilyandFinances Tue, 04 Mar 2008 19:31:29 +0000 http://tightfistedmiser.com/2008/02/28/enrolled-in-401k/#comment-14042 If it's a ROTH 401(k), you will be able to roll it into your ROTH IRA (but you'll have to be officially terminated from employment first). If it's a traditional 401(k), which most still are, you can roll it into a traditional IRA. If you want it to go into your ROTH, you'll have to roll it into a Traditional first, then convert your Traditional IRA to a ROTH and pay the taxes for going from a pre-tax account to a tax-free account. I hope that was clear :) If it’s a ROTH 401(k), you will be able to roll it into your ROTH IRA (but you’ll have to be officially terminated from employment first). If it’s a traditional 401(k), which most still are, you can roll it into a traditional IRA. If you want it to go into your ROTH, you’ll have to roll it into a Traditional first, then convert your Traditional IRA to a ROTH and pay the taxes for going from a pre-tax account to a tax-free account.
I hope that was clear

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