stepford
Thinks s/he gets paid by the post
I know we've had several Roth IRA threads lately, but my question didn't seem to fit exactly in the others so here goes:
I have a 401K at work consisting mostly of tax deferred money, but a few 10's of $K were after tax contributions. I know that after retirement I can roll the whole 401K over with the taxable portion going into a Roth and the tax deferred into a t-IRA.
My question is whether there is any way to put the taxable component into a Roth while leaving the tax deferred in the 401K. The 401K has a nice stable value fund option that I can't really replicate in a t-IRA. Is there some process I can undertake while still employed (i.e. sometime in the next 6 weeks) to separate out the taxable component so that I can convert it to a Roth without dragging the whole rest of the 401K along for the ride?
Thanks.
I have a 401K at work consisting mostly of tax deferred money, but a few 10's of $K were after tax contributions. I know that after retirement I can roll the whole 401K over with the taxable portion going into a Roth and the tax deferred into a t-IRA.
My question is whether there is any way to put the taxable component into a Roth while leaving the tax deferred in the 401K. The 401K has a nice stable value fund option that I can't really replicate in a t-IRA. Is there some process I can undertake while still employed (i.e. sometime in the next 6 weeks) to separate out the taxable component so that I can convert it to a Roth without dragging the whole rest of the 401K along for the ride?
Thanks.