Submitted by Trytofindmenowbitch t3_z94t95 in personalfinance
FckMitch t1_iyf8j1m wrote
This is what I did:
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Check that plan allows it . I had to fight the company by pointing out the plan and the IRS allowed it. The administrator had said no.
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Rollover only the gains - I left a little over the post tax amount in the account
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Backdoor thé what was left in account to a Roth and paid the tax on the difference
Trytofindmenowbitch OP t1_iyfa5y4 wrote
To make sure I understand, as long as the plan allows (they do), I can put the original pre-tax 401k balance plus any gains into my new 401k? This then leave my nondeductible contributions which I can then convert to the Roth?
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