LogFAQs > #912737842

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Topic	Everyone's 401ks are down right?
SK8T3R215 11/20/18 11:56:00 AM #39:	P4wn4g3 posted... Also, there would still be a tax penalty for transferring 401k into a ROTH account why? 401K contributions are pre-tax, so you have to pay income taxes before contributing to the ROTH which is funded with post-tax money. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:912737842] in Everyone&#... [t:77221226]...</cite> <quote><cite>P4wn4g3 posted...</cite> <quote>Also, there would still be a tax penalty for transferring 401k into a ROTH account why? </quote> 401K contributions are pre-tax, so you have to pay income taxes before contributing to the ROTH which is funded with post-tax money. --- New York Knicks, New York Jets, New York Yankees.</quote> ... Copied to Clipboard!
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