Can we convert pre-tax 401k from Microsoft to Individual Roth IRA?
Jun 23, 2020
3 Comments
I know for post-tax the option is shown in Fidelity but is it doable even for pre-tax or it can only be done when you leave Microsoft?
#microsoftbenefits #microsoftemployees #401k
comments
1. Traditional 401k to Rollover IRA.
2. Rollover IRA to Roth IRA. You will have to pay tax and do some complex tax calculation depending on whether you have any other traditional flavoured IRAs.
They have;
1. Pre-tax 401k
2. After tax
3. Roth IRA