Fermion
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Specifically at Fidelity.
We are maxing out our 401K and also contributing $20,000 after tax to the 401K which is tracked separately. Every so often we will convert this to a Roth 401K and pay the tax on any gains (just on that money).
Our 401K plan allows this but I am worried about getting a representative that doesn't know what they are doing. I have this panic idea of them accidentally converting $600,000 of our regular 401K into a Roth when all we wanted to convert was the $13,000 of after tax contributions already made this year.
Anyone done this and how did it go?
We are maxing out our 401K and also contributing $20,000 after tax to the 401K which is tracked separately. Every so often we will convert this to a Roth 401K and pay the tax on any gains (just on that money).
Our 401K plan allows this but I am worried about getting a representative that doesn't know what they are doing. I have this panic idea of them accidentally converting $600,000 of our regular 401K into a Roth when all we wanted to convert was the $13,000 of after tax contributions already made this year.
Anyone done this and how did it go?