summer2007
Recycles dryer sheets
- Joined
- Jul 14, 2007
- Messages
- 346
I'm trying my best to help my Dad out with his 401k to Roth IRA conversion.
He has both his 401k and Roth IRA with Vanguard.
Right now after talking to a few people at Vanguard they have him a little confused.
The guy he was talking to last was telling him that whatever amount that he wants to convert that they send my Dad a check for that amount and then he sends the check back in to Vanguard to be put into his Roth account??
I thought they would just transfer the shares that he holds in his 401k over to his Roth IRA?
Does this sound right to others that have converted from a 401k to a Roth to have a check sent to you and then you send it back to put in your Roth IRA?
Thanks
Jim
He has both his 401k and Roth IRA with Vanguard.
Right now after talking to a few people at Vanguard they have him a little confused.
The guy he was talking to last was telling him that whatever amount that he wants to convert that they send my Dad a check for that amount and then he sends the check back in to Vanguard to be put into his Roth account??
I thought they would just transfer the shares that he holds in his 401k over to his Roth IRA?
Does this sound right to others that have converted from a 401k to a Roth to have a check sent to you and then you send it back to put in your Roth IRA?
Thanks
Jim