Comments on: The Complete 401(k) Rollover to IRA Guide

By: Allen

Allen — Mon, 14 Dec 2020 19:28:06 +0000

In reply to Jeff Rose. I'm 68, my tax liability for this year is currently $0 because we lived off SS. We're thinking about converting $50,000 from IRA to Roth IRA which would make our tax liability $8,200. How do you decide if the additional taxes are worth it?

By: Jeff Rose

Jeff Rose — Sat, 26 Jan 2019 23:42:23 +0000

In reply to Laura. Hi Laura - Every plan is different, and especially with government sponsored plans. If that's the limitation they have written into the plan contract, then yes, it is true. But you might want to do some specific research to confirm it. At a minimum, ask for the paperwork that explains the forfeiture.

By: Laura

Laura — Thu, 03 Jan 2019 19:02:13 +0000

I recently did a rollover of my Arizona 403b into a traditional IRA. Only $13,400 of the account balance of $17,800 made it to the account. When I called, they said it’s because once you forfeit your membership they cut the interest rate you were earning from 8% to 2%. Is this a thing?? I can’t find info on it anywhere on the web.

By: Jeff Rose

Jeff Rose — Tue, 11 Sep 2018 17:42:40 +0000

In reply to darrell moeck. Thanks for the information Darrell!

By: darrell moeck

darrell moeck — Fri, 07 Sep 2018 06:04:25 +0000

great article…very informative. your comment on RMD not applicable after 70-1/2 if you are still working is correct, but if you no longer work for that company, the plan administrator will transfer the RMD to your personal account by March of the following year.