Can You Convert Your 401(k) to a Roth 401(k)?
This article discusses the changes to regulations surrounding the conversions of 401(k)’s to Roth 401(k)’s as a result of the recent fiscal cliff deal. In summary, as of 2010, you could only convert a 401(k) to a Roth 401(k) if the 401(k) was distributable (i.e. plan participant was 59 1/2 or older). As of January 1st, 2013, anyone can convert their 401(k) to a Roth 401(k), provided it’s written into the company plan AND the participant has the ability to pay the tax out of some other account besides the 401(k) itself.