CFP® Joe Anderson and CPA Al Clopine discuss the ways in which you can convert your pre-tax 401(k) account to a Roth IRA.
0:15 “If your plan allows an in-service withdrawal, and many of them do at age 59 ½, you can actually pull money out and convert it to a Roth IRA; in some cases you can do it at a younger age depending on your plan”
0:27 “A lot of plans have a Roth provision that allows you to convert inside the plan”
0:34 “This law just came out a few years ago that made it friendlier for you to do inner-plan conversions”
1:02 “There are no income limitations here”
1:26 “You can really start building up this tax-free pool for many, many years”
