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.
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Written by Brianna LaCanfora
Updated over 11 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.