March 15, 2013 David McKnight
Can You Convert Your 401(k) to a Roth 401(k)?

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. 



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