Nope! Rollovers from a 401(k) are generally tax-free.
The only time you would pay taxes as part of a rollover, is if you decide to convert Traditional (or pre-tax) rollover funds into a Roth (or after-tax) retirement account.
Nope! Rollovers from a 401(k) are generally tax-free.
The only time you would pay taxes as part of a rollover, is if you decide to convert Traditional (or pre-tax) rollover funds into a Roth (or after-tax) retirement account.