Comments on: Is there any advantage to rolling my 401k into a rollover IRA instead of my existing traditional IRA? http://www.talkaboutretirement.net/personal-finance/is-there-any-advantage-to-rolling-my-401k-into-a-rollover-ira-instead-of-my-existing-traditional-ira/ Issues concerns retirement and retired living Fri, 10 Sep 2010 11:35:43 +0000 http://wordpress.org/?v=2.6.3 By: Steve R http://www.talkaboutretirement.net/personal-finance/is-there-any-advantage-to-rolling-my-401k-into-a-rollover-ira-instead-of-my-existing-traditional-ira/#comment-979 Steve R Fri, 09 Oct 2009 05:30:54 +0000 http://www.talkaboutretirement.net/personal-finance/is-there-any-advantage-to-rolling-my-401k-into-a-rollover-ira-instead-of-my-existing-traditional-ira/#comment-979 <a href="http://kansieo.com">401K</a> The traditional IRA was funded with after-tax money. So, when you withdraw at retirement, you pay taxes on only the added value of the investment, not the money you initially put in. You create a rollover IRA because this will have your 401K money which is pre-tax money. When you withdraw, you pay income taxes on all of it. I'm going through this now, so I've done all the research on it. 401K

The traditional IRA was funded with after-tax money. So, when you withdraw at retirement, you pay taxes on only the added value of the investment, not the money you initially put in.
You create a rollover IRA because this will have your 401K money which is pre-tax money. When you withdraw, you pay income taxes on all of it.

I’m going through this now, so I’ve done all the research on it.

]]> By: VaTreasures http://www.talkaboutretirement.net/personal-finance/is-there-any-advantage-to-rolling-my-401k-into-a-rollover-ira-instead-of-my-existing-traditional-ira/#comment-978 VaTreasures Thu, 08 Oct 2009 18:01:29 +0000 http://www.talkaboutretirement.net/personal-finance/is-there-any-advantage-to-rolling-my-401k-into-a-rollover-ira-instead-of-my-existing-traditional-ira/#comment-978 <a href="http://mycaffeinatedcontent.com">Website content</a> The only thing you want to treat differently is any company stock from your 401k. Other than that it really does not matter where you put it and there is a lot to be said for having it all in one place. Website content

The only thing you want to treat differently is any company stock from your 401k. Other than that it really does not matter where you put it and there is a lot to be said for having it all in one place.

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