Roth IRA conversion process, deadlines, and rules | Easy steps to converting | Fidelity
When converting an old 401(k), keep in mind:
- If you have yet to take your required minimum distribution (RMD) in the year you plan to convert to an IRA, you must take the RMD before converting to a Roth IRA.
- You'll owe taxes on the amount of pretax assets you roll over.
- Note that if you have assets in a Designated Roth Account (i.e., Roth 401(k)) and would like to roll these to an IRA, you can only roll these assets over into a Roth IRA.
If you prefer, you can download and mail in a Fidelity Roth IRA Conversion form (PDF); or call 800-544-6666 for assistance.
When converting a traditional IRA, keep in mind:
- If you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
- RMD amounts are not eligible to convert to a Roth IRA.
- Generally, converted assets in the Roth IRA must remain there for at least five years to avoid penalties and taxes.
- A distribution from a Roth IRA is tax-free and penalty-free, provided the 5-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.
- RMD rules do not apply to Roth IRA original owners.
Note: As of 2018, IRA owners are no longer allowed to reverse Roth IRA conversions. Consult your tax advisor before processing a Roth IRA conversion to prepare for any additional tax consequences.
我看youtube視頻裏的說法是，要看你之前的401k存的是睡前的還是稅後的。
另外，我感覺這個錢應該不能算做當年的Income的。因為在你的退休金賬戶那裏，他們會交一個5498表格或者1099之類的表，證明這些錢不是你的income。我理解是這樣的。
看fidelity裏麵如果轉到IRA裏麵，你5年之內拿出來買第一個房的話就沒有tax和penalty的，這多好啊！你可以轉進去，然後從裏麵取出來買房。隻是不知道這些錢產生的profit是否要交稅。
