The Roth IRA is the best long term investment because you get the money out later with no tax on it though you do pay some as you pay into it.
No, you cannot roll your Roth IRA into a 401(k).
Yes, you can transfer your 401(k) to a Roth IRA through a process called a Roth conversion. This involves moving funds from a traditional 401(k) account to a Roth IRA, which may have tax implications.
You must have a roth ira open. When you are separated from your employer, or turn 59.5, you can instruct your employer to directly roll your 401k over to the roth ira.
No, you can only roll a 457 into a traditional IRA As of January 1, 2008, you can roll over pre-tax 401(k), 401(a), 403(b), and 457 plans directly into a Roth IRA
Yes, it is possible to roll a Roth IRA into a 401(k) if your employer's plan allows for it. This process is known as a Roth IRA to 401(k) conversion or rollover. It's important to consider the tax implications and rules of both accounts before making this decision.
The Roth IRA was created by Senator William Roth out of Delaware. What IRA stands for is Individual Retirement Agreement. I have also seen it as Individual Retirement Account.
There are two main types of Roth IRA accounts available: traditional Roth IRAs and Roth 401(k) accounts. Traditional Roth IRAs are individual retirement accounts that you can open on your own, while Roth 401(k) accounts are offered through employers as part of their retirement savings plans. Both types of accounts allow you to contribute after-tax money that can grow tax-free for retirement.
Yes, you can roll a Roth IRA into a 401(k) if your 401(k) plan allows for it, but this option is not commonly available. When rolling over, the funds from the Roth IRA will generally be treated as after-tax contributions in the 401(k). It's important to check with your 401(k) plan administrator for specific rules and procedures, as well as potential tax implications.
You can roll your 401(k) to a Roth IRA. A Roth IRA is pre-taxed dollars, so when you withdraw the money upon retirement, there will be no taxes on it as the taxes are already paid. You'll find this article helpful: http://www.kiplinger.com/columns/kiptips/archives/yes-you-can-roll-over-a-401k-into-a-roth-ira.html
It is a Roth IRA; which is an Individual Retirement Arrangement
Roth IRA investment can contribute support for you when you your employer does not offer a 401(k) plan but you still want to invest for retirement or if you want to invest in a wider selection of investment choices than your 401(k) plan offers.
No, you cannot gift a Roth IRA to someone else. Roth IRAs must be opened and funded by the individual account holder.