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Personal Finance and Investing

progree

(11,463 posts)

9. I rolled my 401k into an IRA seamlessly, decades ago. That might be a way around

Reply to lark (Reply #7)

Thu Mar 31, 2022, 08:54 AM

Mar 2022

any dumbass rules your 401k administrator has. And have to fight one battle instead of fighting one every year with them.

I have had no problem with my IRAs at Fidelity and Vanguard in converting to Roth or withdrawing money from them.

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Highlight:

401(k) Savings Plans Get a Boost in Bipartisan Retirement Bill [View all] question everything Mar 2022 OP

The key line being "boost the bottom line of the financial services industry dflprincess Mar 2022 #1

(cough) (cough) higher tax bills (cough) nilram Mar 2022 #2

This hits me directly and will cost me $$$. lark Mar 2022 #3

Any time you take money after 59 and a half you have to pay taxes but no fees question everything Mar 2022 #4

I have to file a form every time I take out money to prove this is a retirement account. lark Mar 2022 #6

The year one MUST begin REQUIRED minimum distributions -- was 70 1/2, then 72 with the SECURE Act of progree Mar 2022 #5

Yes, it can hurt retirees - cause them a lot more work to get their money. lark Mar 2022 #7

I'm sorry, but I don't see how giving you the OPTION of delaying when you HAVE TO take progree Mar 2022 #8

I rolled my 401k into an IRA seamlessly, decades ago. That might be a way around progree Mar 2022 #9

I retired from a lifetime of work in nonprofits and when those finance people started coming around CTyankee Apr 2022 #10