I recently switched companies and want to rollover my traditional 401k from my old company into Roth at my new company. Any tips on how to rollover the balance without getting screwed by the taxes I will have to pay?

like
Posting as :
works at
You are currently posting as works at

Lol that’s not how it works. Any rollover from traditional into Roth you’ll be screwed in taxes. Just rollover to your new traditional 401k

like

Just be prepared going in, and backdoor immediately. Just wait to invest your post-tax contributions until after you've backdoored them into the Roth IRA. If your post-tax is already in the market, then just convert the holding before rolling in the 401k

You can also convert as much as you want; the limit is on contributions, not conversions.

It shouldn't be a tax mess if you're prepared going in.

Related Posts

Hello everyone. Need urgent help. Does Deloitte India provide relocation reimbursement? HR says there is no relocation policy in Deloitte India. Please advice. Thanks in advance. Deloitte Deloitte India

like

Electing my incentives today at Spotify. Can take RSU, cash, or options. Cash is king right now, but Spot is at historically low price with solid rev and growth. What say you fishes?

likehelpful

Seems like I can never get good redemption rates with Bonvoy points and after a year haven’t been able to use much. Saw that you can sell 100k points on eBay for about $700 after fees...worth it?

helpful

Hi, how does this stock together work for Indian employees?

What is this 1/3 value and how can I check my Fedility account? Joined Verizon in Jan 2022.

like

Any recommendations for high div stocks with good balance sheets. I’m thinking these could be the best picks in this market with many growth stocks seemingly overvalued

like

When investing in stocks, how do you strategize where to put your money? For example, I like to put $2000 a month in the stock market. My problem is I buy 2 shares here, 3 shares there. And I’ve ended up owing a bit of everything. Ideally I want to build up to have 100 shares of a stock so I can start selling covered calls. But I feel like it’s going to take forever. Especially if I keep getting into new stocks.

like

Thinking of dipping my toes into real estate and wanted to see if anyone has any books/ podcasts/ courses or even any tips or advice that you wish you had when you got started?

Goal is to diversify my investments past the stock market. Any help is appreciated!

like

Any advice on how to raise gre quant from 159 to 165?

like

Term life insurance question - I added the AICPA annual term policy last year. I've noticed personal finance media seems to push 10-20 year term and not discuss annual.

It was considerable cheaper up front and more at the end than 10yr per the fee schedule. If all goes according to plan I'll be at or close to FI within 5-7 years so not sure that I'd keep the full amount past then and would miss the benefit of the cheaper years at the end. Am I missing other risks of not doing 10+ term?

like

Hey everyone. Unfortunately, I was laid off this week. I was in corporate operations for a healthcare company. My job entailed negotiating contracts and other things with stakeholders and lots of data analysis for tracking ITP . If anyone could help me out that would be really appreciated. Thank you.

like

Ex healthcare workers in Tech/Sales Engineering/ Healthcare consulting;
I have my masters in nursing/FNP (1 yr) making <K70 (Indiana) due to low patient census in my role. No desire for a different FNP job nor to return to bedside nursing (RN 5 yrs). I have heard of some individuals with remote positions making >K100 with little to no experience in tech or consulting after doing a boot camp or cert?
If you pivoted; What’s your current role/ Income & what did you do to complete the transition?

like

Anyone here uses Chase Private Client account? Any benefits of upgrading to it? How’s your experience?

like

Personal Investment Chatter bowl, which is usually quite conservative money-wise, is quickly turning into another Option Traders and Investing. Frightening... I don’t plan on fighting the trend, but keep remembering Buffet’s be fearful when others are greedy line

like

Good Afternoon! We are considering investing in DICE recruiter seats and job posting options. I would love feedback from this group on if the investment is worth the spend. Any feedback with success or not success using this product would be super helpful!

like

Thoughts on investment app Titan?

like

Folks, planning to invest in property in Gurgaon, India for self stay. Any suggestions where should I start my research. Have heard so many scary stories of real estate frauds and delay in possession

like

What is the correct ASC topic for accounting for insurance proceeds (claim for stolen goods)? Trying to read up on why the cash goes to an expense offset or gain below the line.

like

How is anyone supposed to be able to retire early with marginal tax rates near 50% in areas like NYC? Any investment gains get absolutely crushed

like

🏀 spinning and buying a house using an app... WHAT A GREAT COMBO.

Post Photo
likefunny
like

More Posts

Query on wbp quota in wipro is this amount is same like group allowance in. Payslip.

like

Jeena isi ka naam hai..

like

Hi All,
I am working as a System Engineer in TCS. I have 2.6 years of work experience. I am looking for new opportunities, below are my skill sets:
1. Java
2. Android app development
3. Web Development
4. MySQL
5. IOT

Please let me know if there are any openings in your company.

Thank you.

like

Anyone feel like this job takes away your ability to be any sort of decent partner to your s/o. I feel like I’m a terrible partner and contribute next to nothing because I am barely able to keep my head above water. After a few failed relationships I sometimes want to just throw in the towel and stop trying and just accept the fact that I’m gonna be alone. Part of me wants to just say f it and just throw everything into work but I also want a family. Anyway just feeling down :(

like

Has anyone used the on demand blood tests from Labcorp or Quest? What was your experience like?

like

If I've only had one job so far in my career how do I fill up my resume?

like

How to know if the BGV has completed successfully? I have submitted my documents 2 weeks back, haven't heard back yet from anyone.

like

I went through the final interview for Microsoft this week. HR reached out today to set up a 15 min convo. Could this be good news and be an offer?!

like

Hi Guys,
I have offer from HTC global service.
Can you please help me about hows Job security and WLB HTC.
Also they are offering me permanent remote work.@

like

Are there any dedicated designers out there who would be interested in collabing on comps // portfolio work?

like

What’s better? Being an M&A partner at a firm with PPP of $4-6M or PPP of $1-2M? Just thinking $1-2M is already plenty of money so if there’s some recovery of work/life balance as compared to the $4-6M PPP firms, which I assume would be the case, then I’d be drawn more to partnership at the $1-2M PPP firms. Any thoughts? Prefer my marriage over prestige

like

Is marketing notorious for being a stressful career? Or do I just think it is stressful?

like

IT Strategy & Transformation consultants with 4+ years exp being hired at our NYC/Boston/SanFran offices. We’re an innovation consultancy, offer good WLB, nice people and hybrid work. DM me for a referral link 💪

like

Do we have any ZS Music club, where like minded people can meet/discuss/practice/jam music?

like

Teacher looking for an at home side gig.

like

Just confirmed with my manager that Permanent WFH can't be given at Oracle but when office will be mandatory still not decided & no of days someone has to attain not decided.

I will be joining Oracle next month. Maybe someone already working with Oracle can through some light on this. Please share the info , it will be helpful for everyone.

like

Hello Friends, What is Grade 6 in GSK and what it translates to Market roles like Manager or Sr Manager or Associate Director. What will be the base package for Grade 6 for Cloud Solutions Architect

like

Looking to apply for venture x before the offer goes away today. Anyone out there willing to share some of their referral bonus? 50 bucks?

like

Additional Posts in Consulting

Those of you who don’t travel:

How do you balance working with making meals?

By the time you get home you just want to eat something and not have to make a meal from scratch.

like

Hi 🐟🐟, does anyone here play clash of clans?

like

120k with good work-life balance at a top law firm or 140k with and bad work-life balance at Mastercard.. which one would you choose and why?

like

Which consulting firms may hire you for client facing roles even if you currently aren’t in a client facing role?

like
likehelpful

Gogo wifi is my most co-dependent and dysfunctional relationship

like

I found an iPhone, I turn it on it says " call this # this phone was lost." Anyone know how to get rid of that and reset the phone? Lol

like

Over/under on posts asking about layoffs today - 6.5 🙄

like

Having someone who complains all day everyday in the conf room is such a killer to team morale…

like

Delayed flights this morning . You put stuff in the cloud and then make everything dependent on it, what do you expect? Who was the consultant who added value to this problem?

likefunny

How do you reflect a promotion on your resume?

like

What's this b.s. about 50hr utilization target in advisory? Is the business doing bad and they expect us to make up for it?

like

Has anyone here at ZS Associates had a project/currently in the transaction advisory group? Would love to hear more about it in terms of types of projects, culture, wlb….also curious to hear how it would stack up against L.E.K. Consulting given their reputation in the M&A LS space

like

Any recommendations on portable iphone chargers?

like

Heading to Toronto next month for a weekend. Any good eat/ sight seeing recommendations? Thanks in advance 😎

like

Recently promoted to sr consultant but put on a manager position for months in my project cuz the manager left for family leave. Do I have any leverage for early manager promo or request higher comp?

funnylike

Why all the McKinsey people updating their LinkedIn profiles based on recent promotion news. The promotion is effective on January 1st! They don’t even know now what is their future compensation!!

likefunny

What happens if you go to the competitor and your current boss who did not like this idea gives a negative feedback (to screw things up) to your future employer (also Big4)? Does it still count?

funny

Poll question: how is your thanksgiving week going with the fam so far?
A.) so far so good
B.) seen better C.) rather be back in the office on an under-staffed PE CDD burner.

likefunny

How do you run a large virtual status update meeting with 20+ people? It gives me anxiety