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I have a Roth IRA — can I move my 401(k) into that?

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Written by Tim Seibert
Updated over 2 years ago

Yes, but the process is a little more complicated than a typical rollover. Moving money from a traditional 401(k) to a Roth IRA is usually a two-step process: first, you’ll move your Traditional 401(k) to a Traditional IRA. Then, your IRA provider will move your Traditional IRA into a Roth IRA (this is known as a “Roth Conversion”).

Keep in mind that most Roth conversions are taxable, so it’s a good idea to talk to a tax professional if you decide to go down this path.

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