Traditional Rollover or Roth IRA Application PDF Form

Instructions and help about Traditional Rollover Or Roth IRA Application PDF

it's brian preston the money guy lebron this next question a lot of different people have asked a very similar question i'm going to give eric credit for this um but it has to do with roth conversions okay if you this is what eric said if you roll over a traditional 401k into a roth ira does this cause you to be ineligible for future backdoor roth conversions once above the threshold so i'm going to i want to address the first part of this question if you roll over a traditional 401k into a roth ira that's a taxable event that's a conversion that is a conversion itself so you need to know don't just say oh i want my 401k to go to wrong that's a big time taxable event so you need to understand that before you do that now the 401k if it's but he said traditional additional 401 i mean a roth 401k can roll into a roth ira and does not impact your ability to do conversions but the word traditional makes me think it's old school so here are the questions we have uh what sort of things need t