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UPS Retirement Topics
UPS Prudential 401k after I retire questions?
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<blockquote data-quote="satellitedriver" data-source="post: 2622516" data-attributes="member: 1664"><p><span style="color: #006600"><strong>Tax law is not an assumption. </strong></span></p><p><span style="color: #006600"><strong>The only way you can rollover into a Roth, without tax consequence, is if your 401k was already invested into a Roth. If that is the case, then correct me if I am wrong that I "assumed" you only invested into the traditional before tax 401k.</strong></span></p><p><span style="color: #006600"><strong>I have solely prepared my taxes since 1968.</strong></span></p><p><span style="color: #006600"><strong>Also, I have owned several companies, from then, to now. Some failed and some made money. </strong></span></p><p><span style="color: #006600"><strong>So therefore, in my retirement years, it scares me that people do not know that money growth is all based on percentages over time.</strong></span></p><p><span style="color: #006600"><strong>Reading what I wrote I seem arrogant, but the message I was trying to send was that I was born poor, married poor ( my wife made her wedding dress) and I would strive to educate myself, to protect my family financially. </strong></span></p><p><span style="color: #006600"><strong>Now that I am retired, the largest bills I have are taxes and insurance.</strong></span></p><p><span style="color: #006600"><strong></strong></span></p><p><span style="color: #006600"><strong>Took me along time to get back to the tax question.</strong></span></p><p> <span style="color: #006600"><strong>Upstate, you are arrogant and ignorant on tax law.</strong></span></p><p><span style="color: #006600"><strong>Arrogance is not intelligence and intelligence is not knowledge.</strong></span></p><p><span style="color: #006600"><strong></strong></span></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 2622516, member: 1664"] [COLOR=#006600][B]Tax law is not an assumption. The only way you can rollover into a Roth, without tax consequence, is if your 401k was already invested into a Roth. If that is the case, then correct me if I am wrong that I "assumed" you only invested into the traditional before tax 401k. I have solely prepared my taxes since 1968. Also, I have owned several companies, from then, to now. Some failed and some made money. So therefore, in my retirement years, it scares me that people do not know that money growth is all based on percentages over time. Reading what I wrote I seem arrogant, but the message I was trying to send was that I was born poor, married poor ( my wife made her wedding dress) and I would strive to educate myself, to protect my family financially. Now that I am retired, the largest bills I have are taxes and insurance. Took me along time to get back to the tax question. Upstate, you are arrogant and ignorant on tax law. Arrogance is not intelligence and intelligence is not knowledge. [/B][/COLOR] [/QUOTE]
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