Broker Check
401(k) Rollovers to Roth IRA

401(k) Rollovers to Roth IRA

Roth IRAs, 401(k)s, and traditional IRAs are all investment options tied to tax implications and retirement. Making sure that they're handled most optimally for your situation is a priority for a comfortable retirement. Here at Kelly Capital Partners, we understand that the investment process can be confusing. So, we've put together a 401(k) rollover guide for you. 

Rolling your 401k directly into a Roth

With Kelly Capital Partners, it is possible to roll your old 401(k) directly into a Roth IRA. The only thing that you'll need to do is check that you qualify. If you do, you'll only owe taxes on the pretax assets you roll over. Something else to note is that if you have assets in a Roth 401(k)–also known as a Designated Roth Account–and you're interested in rolling these over to an IRA, it will have to be a Roth IRA account rather than a traditional one. 

If instead, you're looking to convert your Traditional IRA into a Roth IRA, you will need to take an RMD within the year of the rollover, before transferring the funds. 

<span style="font-weight: 400;" data-mce-style="font-weight: 400;">Converting your traditional IRA to a Roth IRA&#160;</span>

Converting your traditional IRA to a Roth IRA 

Roth IRAs are a great consideration for most investors when they're looking into a retirement plan. Investing in your Roth IRA allows you to have your assets grow tax-free. This increases your savings. 

Another benefit is that Roth IRAs don't have a required minimum distribution during your lifetime as the owner. They're also a popular choice because inheritance to your heirs is tax-free. 


The Next Step?

For more information about our products and services schedule a meeting or register to attend a  workshop.

Or give us a call at 248-262-7217