Newbie backdoor questions:
I have a traditional 401k with pwc, want to do backdoor

1. Is the process: traditional 401k -> rollover to traditional IRA -> conversion to Roth IRA?

2. In any step of this process, will I incur a tax penalty due to age (I'm in my 20s)?

Any help greatly appreciated!

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Are you still employed at pwc? If so they likely will not let you take from your 401k to your Ira. Is this after tax contributions or just converting traditional to Roth?

OP, you roll over your after tax contributions. The gains on your after tax contributions go into a Traditional IRA and your actual after tax contributions go into a Roth IRA. And then you roll over the Traditional IRA to your Roth IRA.

You can do this Rollover directly from Benefits Express or by calling in and speaking with an agent.

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