I took advantage of being impacted by Covid and I rolled over

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Jan 28, 2022
11:13:23pm

BPintheCouv Contributor

I took advantage of being impacted by Covid and I rolled over

Mine and could pay mine over three years. Wasn’t the full amount of it but I took out the max possible. It was a start.

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BPintheCouv

Bio page: BPintheCouv
Joined: Jul 15, 2015
Last login: Apr 25, 2024
Total posts: 617 (0 FO)

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Messages

Author

Time

rolled my traditional 401k into a Roth 401k this year. that one hurts

birds

1/28/22 10:29pm

It'll be nice when you can give the bird to RMD requirements though.

Pimpin4Paradise

1/28/22 10:40pm

RMD requirements still apply to Roth 401(k)

1/28/22 10:58pm

Easily solved by rolling the Roth 401k to a Roth IRA.

Pimpin4Paradise

1/28/22 11:31pm

<< Deleted >>

Acorn

1/29/22 7:58am

I took advantage of being impacted by Covid and I rolled over

BPintheCouv

1/28/22 11:13pm

Should have done small amounts over the years to keep taxes low.

SoValleyCOUG

1/28/22 11:32pm

I hope you consulted with a financial planner or tax specialist

Acorn

1/29/22 8:01am

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