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Isn't it worth it to convert our 401k to IRA now (and pay taxes), than to pay taxes when we withdraw when we retire?

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If you pay taxes on the amount now you miss out on investment gains you would have made on whatever taxes you pay

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If you end up in the same tax bracket when you retire, it does not matter if you take the tax hit now or later, but that is highly unlikely you end up in the same bracket. A tax savvy approach is to put money in a Roth and traditional 401k. For retirement years you plan on spending big trips or expenses take the money out of the Roth and for years where your expenses are low, withdraw from traditional

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If you re not still employed you can roll it over to a Ira don't think you can roll an active 401k while still working for the company that sponsored it

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Key question is: do you think your tax rate will be higher now, or in retirement? Have to take a guess at relative incomes and tax rate changes.... No 'right' answer

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What you are referring to is rolling to a Roth IRA. When you leave, you can roll your Trad 401k to trad IRA and defer taxes. It comes down to classic roth vs traditional debate and it is dependent on your personal situation of where you think your tax bracket will be down the road

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Agree with bcg1. Taxes rate now v later is only part of the equation. Losing out on gains over 30 years of income that is instead taxed can be significant.

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