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Brown Cafe UPS Forum
UPS Retirement Topics
On topic. Recently resigned. How do I access my 401k for rollover/cash out?
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<blockquote data-quote="Old Man Jingles" data-source="post: 3973307" data-attributes="member: 18222"><p>Wish it was that easy!</p><p>Going from a traditional IRA to a ROTH has tax implications albeit none that would be classified as a penalty.</p><p>It was going to cost me north of $50k when I ran my numbers some 20 years ago.</p><p></p><p>The Rule of Thumb at that time was even if you had $50k just sitting around, age 42 was the threshold to convert-or-not.</p><p>Age 42 or less was a signal to covert.</p><p>I remember now, I was 45 so I did not do a thorough analysis and I did not convert.</p><p></p><p>Ask me in 7 years if I think I made the right decision! <img src="/community/styles/default/xenforo/smilies/FeltTip/sweating.png" class="smilie" loading="lazy" alt=":sweating:" title="Sweating :sweating:" data-shortname=":sweating:" /></p><p></p><p>I absolutely loath giving any extra to the National Government.</p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 3973307, member: 18222"] Wish it was that easy! Going from a traditional IRA to a ROTH has tax implications albeit none that would be classified as a penalty. It was going to cost me north of $50k when I ran my numbers some 20 years ago. The Rule of Thumb at that time was even if you had $50k just sitting around, age 42 was the threshold to convert-or-not. Age 42 or less was a signal to covert. I remember now, I was 45 so I did not do a thorough analysis and I did not convert. Ask me in 7 years if I think I made the right decision! :sweating: I absolutely loath giving any extra to the National Government. [/QUOTE]
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On topic. Recently resigned. How do I access my 401k for rollover/cash out?
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