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Personal Finance and Investing

Steelrolled

(2,022 posts)

13. I was looking at transfer from one 401K to another and the only thing they

Reply to question everything (Reply #11)

Wed Aug 12, 2020, 10:53 PM

Aug 2020

would do was to send a check in the mail directly to me, and then I have to get those funds to the other 401k. I really don't like the sound of that, although it seems like use of paper checks is common with some of these places.

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Is there a limit on how much can be converted to Roth? [View all] question everything Aug 2020 OP

As far as I am aware there is no limit on how much you can convert from an IRA to a Roth still_one Aug 2020 #1

Why would anyone hate you? I would certainly hope no one that participates in this group would.... A HERETIC I AM Aug 2020 #2

Thank you, yes I do. question everything Aug 2020 #3

Vanguard probably has a calculator that might help... A HERETIC I AM Aug 2020 #4

I don't think so. I converted $60,000 one year, and $50,000 a couple other years progree Aug 2020 #5

P.S. - other considerations progree Aug 2020 #6

Thank you very much! question everything Aug 2020 #7

Another option to consider: Qualified charitable distributions UrbScotty Aug 2020 #8

Thank you. Interesting. question everything Aug 2020 #9

It's not taxable income, but it's also not deductible. UrbScotty Aug 2020 #10

Thanks for the link. question everything Aug 2020 #11

I was looking at transfer from one 401K to another and the only thing they Steelrolled Aug 2020 #13

I think for Qualified Charitable Deductions, it HAS TO BE a direct transfer progree Aug 2020 #14

I think that the charitable organization would know how it works question everything Aug 2020 #15

no limit. Consider the mariginal tax rate for the conversion though. Pobeka Aug 2020 #12