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Ask The Expert: Converting to a Roth

Q:

Can a 401K be rolled over into a Roth IRA?

See other answers from this expert. 272 out of 489 people found this useful.
A:

Hi Tasha,

Yes, assuming you meet the Roth eligibility criteria. It's technically called a "conversion," but it's the same idea as a rollover. The main thing to consider is that you'll have to pay income taxes that year on any amount you convert to the Roth, since Roth's can only be funded with "after tax" money. Make sure you can handle the tax bill before converting. Regards, Matt Malone, managing editor, RothIRA.com

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