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Level 1
posted Sep 28, 2022 4:41:54 PM

401k rollover

Will I have to pay a tax penalty if I rollover my 401k to a Roth IRA? If so, what is the penalty?

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1 Replies
Level 15
Sep 28, 2022 4:45:13 PM

Not a penalty just the regular income tax on it.  So be careful.  It will add to your income and may push you into a higher tax .