Re: 401k Question
[ QUOTE ]
set up a roth IRA and you should be able to transfer your entire 401k there without getting hit by taxes i believe
[/ QUOTE ]
This is wrong, money that goes into, or gets converted into, a Roth IRA is always post-tax money. He can do a conversion to a Rollover IRA, then to a Traditional IRA, without having a job, but in order to make future contributions, he needs earned income.
|