Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I have a prospect who job has just been "down sized" and now has to do something with their 401K. They want to rollover part of it into a Roth I'm not sure it can be done without paying the tax and a 10% penalty.
What are the rules on this?
capnjim01 said:I have a prospect who job has just been "down sized" and now has to do something with their 401K. They want to rollover part of it into a Roth I'm not sure it can be done without paying the tax and a 10% penalty.
What are the rules on this?
amy?
Are you just getting started? just curious?
amy793 said:As an licensed agent, I would suggest actually rolling the 401K into a whole life or permanent life insurance policy. There are many benefits that would be better than Roth IRA, especially if you find out if you're qualified for it or if you want a higher growth percentage like compound interest. My company provides great varieties of life insurances that are unrisky. And also can combine a living trust, which we have attornies to do that for you at the office, with life insurance, so you have the best of both worlds. Email me at [email protected] if you have any questions or concerns. :]