What is OmniNerd?

Welcome! OmniNerd's content is generated by you, the reader. Through voting and moderation we strive to highlight the nerdiest of what's around and provide content that's a little more thought provoking than other sites.

Submit New Content

Voting Booth

Choosing Sarah Palin as a Vice Presidential running mate was?

View Results, All Polls
34 votes, 5 comments
0
Nerd-Its
+ -

Going the Roth IRA route

Comment comment by Brandon on 18 September 2007

As an update, I've decided to go the Roth IRA route. After talking to someone at Fidelity (1-800-FIDELITY), I found the way this is done is to rollover the old 401(k) into a "rollover IRA" - accounts setup for this very purpose. I then convert this into Roth IRA(s) - at which point the funds are counted as income and taxed.

You are a viewing a subset of a larger discussion.
View Full Discussion
Star This to Save in Your Profile Favorite
Thread parent sort order:
Highest Voted : Lowest Voted : Oldest : Newest
Thread verbosity:
Expand All : Minimize Replies to Comments
0 Nerd-Its - +
RE: Going the Roth IRA route by ldsudduth :: NR6

Too bad your new employer doesn't offer a Roth 401(k)...then you'd REALLY be tax-free when you retire, except for the employer match. BUT..I'd rather be taxed on only about 1/3 of what I withdraw than on all of it..

Posted 18 September 2007, Hide, Parent, Reply