Can I roll my 401 k into a Roth IRA?
610231
You roll your 401K into a traditional IRA, then roll the traditional IRA into a Roth.  You will have to pay taxes on the income, but for some the Roth is a better deal (especially if you want to leave non taxable money to your children).
1096563
You can't "buy" a Roth IRA. You can open a Roth IRA account with a mutual fund company or brokerage firm and make a deposit, where the deposit will be invested.\n\nLowest cost? Vanguard (www.vanguard.com).
62750
if you have a roth and you are no longer working for the company that started your old 401k then roll your 401k into the roth. but if you are with a company and they can match your 401 then keep it
114442
Yes, see a tax adviser on your contribution limits however and to see if a Roth may be right for you.  Also, if your company offers a match, make sure you contribute up to the match limit before contributing to an IRA, otherwise you're leaving money on the table.  When you leave your company, roll the money into an IRA.  Expenses are lower in IRA's than 401(k)'s.  A lot of people like to keep their assets together, but since fees eat a huge portion of your returns, I strongly suggest rolling to an IRA rather than your new company's plan.  Plus, that way you're not limited to whatever investment offerings are in the 401(k), you can choose to invest with whomever you'd like.\n\nGood luck!
322315
You must make sure you qualify for a Roth IRA.  If you are single and make more than 110,000 or if you are married filing jointly you cannot exceed 160,000, married filing separate 100,000.  As long as you do not exceed these income limits you can establish a Roth IRA.  All you have to do is contact your financial institution and ask for the conversion paperwork.  You can convert as much as you want.  You don't have to do it all at once!  That way you don't have to jump too many tax brackets.  Any amount you convert will be taxed as income for you in that year.  You have until April 15th of each year to have it count towards the current tax year.
151098
you can always have an ira, even with a 401k. i suggest a roth ira with 1 year renewals. drop at least $500 in every year, more if you can up to the max (about $4,000 for married)
1141574
There should be no expenses, penalties, or taxes to pay if you roll your 401(k) directly into your new 401(k) or to a traditional (non-Roth) IRA.  Do not have your old 401(k) holder send a check to you, they should send it direct to the new firm that will be handling your funds.
172733
If the mutual fund is currently held with a large fund family, you should be able to open an IRA with the fund family and have your mutual fund transfered to your new ROTH IRA.  This way it grows tax-free!  If it isn't, you could also open a ROTH IRA with a broker and then transfer the mutual fund into your new account.  If you don't want to keep the mutual fund, then you can sell it and fund a new ROTH IRA.  However, I would be sure to check and ensure that there is no penalty on the sale, and that you still have plenty of time before you will need the money so that the tax-free growth is worth doing.  Good luck
320520
Absolutely though, you would need to check with a tax professional to determine whether the amounts deposited into your IRA are tax deferred or after-tax.  It all depends upon your income level.\n\nMax out your 401(k) contributions if at all possible. You're overall savings through the 401(k) far outweight the ultimate reduction in your "cash in hand" each pay check.
13955
1.  401(k) is like a scooter.  You're company that you work for provides you this savings plan. The company selects who administrates the savings account (where you park your car) which investments you can have (which road you can drive your scooter on), and they can match your contributions (like mom & dad giving you gas money).  If you want to get that money (selling your car), you need to work with the "Fund Administrator", and sometimes your "Human Resources/Supervisors" to get that money.  Sometimes, you'll only get the money if you promise to pay it back.  ( yep, mom & dad want you to be responsable )\n\n2.  IRA is like a standard car. You can select who administrates the account (or where you park your car), what investment to buy (what roads to drive on).  Unfortunantly, there is no one available to give you a match on your contribution (no gas money from mom & dad); but you can deduct your contribution from your taxes.  You can also withdrawl the money at anytime (selling your car). . . BEWARE. . . there are financial concequences to this. . .research before you choose to withdrawl (its like sales tax from selling your car. . .if you sell at the wrong time, you'll get jipped on the sale proceeds).\n\n3.  A Roth IRA is like a hybrid car.  You get to pick who administers the account (parking the car) which investments (which roads to drive), but there is no matching and you can't deduct your yearly contributions from you taxes.  Instead, you can get your money without tax conseques (selling your car) when you need it. . .BEWARE. . . to get your money without tax problems, there are still rules.  Research before you withdrawl funds (sell that car). Providing you withdrawl (sell that car) under the guidlines, you don't have to pay sales tax on the withdrawl ( no sales tax from selling the car).
251243
If you don't have the option of a 401(k) plan, how about investing in a roth IRA?  You can open one in your bank or online.  It's never too early to start investing for retirement.
1109453
GOD YES!!!! NOW IS A GREAT TIME!!!\n\nI work as a financial advisor and I wish I could get as many people in their 20's to buy a Roth IRA.  \n\nRemember, a Roth IRA means that you do not pay taxes on the growth or interest, and their is no taxes when you take the money out after age 59 1/2 years old.\n\nAlso, if you work and you company offers a 401k, try that as they might match you on what you put in.  Remember, that money is not taxed when it goes in, but is taxed when you take it out after age 59 and 1/2.  \n\nIf you are so inclined, you can do both.\n\nTry Scottrade.com, or etrade.com if you want no limits on what you can invest in.\n\nStart with a mutual Fund that is called "balanced" or Asset Allocation.
985867
A roth account might be good or bad for you.  They're not good for everyone.\n\nA 401k or IRA is just a type of account, and has nothing to do with how much of a return you can get from your investment.  If you are investing in mostly a diverse mix of stock funds, you should expect a long term average return of 7-9%.  In some years you will get more (like 13%), and some years you will lose money).  In either type, you'll be investing in a mix of mutual funds.  The benefit of a roth IRA has to do with taxes.\n\nHere's the benefit:  With a 401k or traditional IRA, you pay no income taxes now on the money you put in.  You pay income taxes when you withdraw the money in retirement.  With a roth IRA, you pay the income taxes now, and pay no taxes on the money you withdraw in retirement. \n\nIf your income tax rate is lower now than it will be in retirement, you do not want a roth account.  If your income tax rate will be higher in retirement than it is now, then a roth account would be good for you.\n\nHERE'S HOW YOU SWITCH:\nYou "rollover" your 401k balance to a traditional (pretax) IRA.  That means you tell the company that has your 401k to transfer the money directly into an IRA.  As long as you don't receive a check payable to yourself, you'll pay no taxes or penalties.  You then "convert" the traditional IRA to a roth IRA.  This is something the company that handles the IRA does for you.  Basically, they take taxes straight out of the IRA and send them to the IRS.  This makes the money in the IRA after tax, or "roth" money.\n\nBUT...\n\nTo be able to transfer the money from the 401k to the IRA, you'll have to have already stopped working for the company.  AND your company might have the "roth 401k" feature, which allows you to contribute to your 401k plan with after tax money and have exactly the same benefit as the roth IRA.  ALSO if your company matches your contributions to your regular 401k, that will probably outweigh any benefit you could possibly get from the roth IRA.\n\nYou need to talk to the company that manages your 401k plan to find out what your options are.  And call a company that does IRAs to find out more details on the roth IRA to find out if it would be a good fit for you.  Try Fidelity or Vanguard.
533752
Yes.\n\nFirst of all, a rollover to another qualified plan or IRA is always without penalty or taxes, that's what a rollover is by definition.  The penalty applies when you take a DISTRIBUTION from the plan, not when you roll it over.\n\nSecondly, the age in question is 59 and a half, not 62.\n\nThird, in most cases, you'll need a triggering event, which is usually leaving your job.  Every plan is different.  In some, the triggering event is simply turning 55, at which case you can take your momney out while you're still working there.  All future contributions still would go into the plan.  Other plans allow for non-hardship in service withdrawals, which need no triggering event at all.  You can roll over your exisiting plan amount to an IRA, and again, your future contributions would still go into the existing plan.  Check with your HR department to see if your company allows this.  Hundreds already do, and more are writing it into the plan document every year.\n\nSo, in many ways, your answer is a resounding YES.\n\nHope this helps!\n--J.
1162875
http://www.tradingresources.org/ira-401K-investing.htm\n\nshould be able to help answer your question.\n\nMoni
158731
You can rollover a 401k into a traditional ira once you have left a firm (some firms allow you to do this before you leave, but there's probably no reason to).  That traditional ira can then be converted into a ROTH ira.  This means that you are going to pay taxes on all the money in the traditional IRA.  This generally deters people from converting large traditional IRAs into ROTHs, since the taxes can be prohibitive.\n\nSecond question: Yes, you can invest in real estate within an ira.  There are a select few firms that do this, you would have to search for them online.  Remember a few things when doing this: You will have to have all the money to purchase a property outright in the IRA, since per IRS regulations you are not allowed to have a loan in an IRA.  You CAN set up a partnership, with your IRA being one equal partner and yourself and equal partner.  Then you can have a loan for yourself, but still not in the ira.  Remember, we're talking about quite a bit of money.  Don't try this unless you have a minimum of $250,000 in your IRA.  Also remember that diversification is key.  You want to have three or four properties, as well as stocks, bonds, mutual funds, etfs, etc. in the account.
393236
It depends.  Do you have a Roth IRA?  You can use that money without a tax penalty.  A regular 401K through an employer will have some penalties usually.