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echisholm OP t1_jeh1bhw wrote

Reply to comment by Werewolfdad in Roll over or convert? by echisholm

> Do you have the cash to pay the taxes on the conversion?

Roth 401(k) to Roth IRA has a conversion cost? I did not know.

>Is this a high income year? If so, what worst time to convert

It kind of is, yeah. New job came with a substantial raise and I have long term capital gains to factor for the sale of my house, but I have taxes being withheld at regular income rates to compensate, so that should cover the extra burden.

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Werewolfdad t1_jeh2k44 wrote

> Roth 401(k) to Roth IRA has a conversion cost? I did not know.

Nowhere in your post does it say it’s a Roth 401k. That’s just a rollover.

(Any employer contributions would need to be converted however)

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