{ "media_type": "text", "post_content": "I got a new job and was told that I can only roll over pre-tax 401k because the company does not offer roth 401k. I have a lot more money stored in roth 401k from my previous employer.. what should I do to keep it?", "post_id": "606cb9e4014c6f002f40e375", "reply_count": 15, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

I got a new job and was told that I can only roll over pre-tax 401k because the company does not offer roth 401k. I have a lot more money stored in roth 401k from my previous employer.. what should I do to keep it?

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Roll the Roth 401k into a Roth IRA

likehelpful

Just open a rollover Roth IRA at fidelity. Fill out paperwork to have it directly transferred.

Open a Roth IRA at any financial institution and roll it over there.

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There are limits to making annual contributions to an IRA but rolling over funds from a qualified 401k plan there is no limit at all.

likesmart

Can you do a mega back door rollover into your Roth IRA?

C3 that is what C2 is saying. Just roll it into an Ira. No need to convert anything or backdoor anything.

I'm not financial advice, if you are able to roll it into roth ira via megabackdoor, that might be an option

There is no need for a mega backdoor. I honestly have no idea what it even has to do with your question. Just roll the Roth 401k into and Roth IRA.

likesmart

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