I am retiring shortly and want to convert my company 401K to an IRA at Vanguard. I have about $38K in taxed assets in my 401K and folks have suggested converting that portion of the 401K to a Roth IRA.
Where can I find good information about converting a 401K to a Roth IRA and in particular the rules associated with the conversion. I understand that there are AGI limits as well as a minimum timeframe that I need to keep the Roth IRA without penalty.
Is there a better way to invest the taxed 401K assets other than converting to a Roth IRA? I don't plan on using these assets for at least 5 years.
Your feedback on this is most appreciated.
Where can I find good information about converting a 401K to a Roth IRA and in particular the rules associated with the conversion. I understand that there are AGI limits as well as a minimum timeframe that I need to keep the Roth IRA without penalty.
Is there a better way to invest the taxed 401K assets other than converting to a Roth IRA? I don't plan on using these assets for at least 5 years.
Your feedback on this is most appreciated.