Your 401(k) provider may charge a nominal fee to initiate the transfer (typically ~$50) but you generally won’t pay any taxes or penalties, unless you decide to do a Roth conversion.
Written by Brianna LaCanfora
Updated over 8 months agoYour 401(k) provider may charge a nominal fee to initiate the transfer (typically ~$50) but you generally won’t pay any taxes or penalties, unless you decide to do a Roth conversion.