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😂LOL🤣

For all of you still holding on to your 401(k) just remember something stupid can happen then poof your funds are frozen!!
The company I work for was just purchased and our 401(k) is temporarily frozen for transactions. In the near future we’ll be given the opportunity to roll the money into the new larger 401(k) plan, withdraw it, or roll it into a Roth IRA.
I’m 45 years old with an existing Roth from old jobs I’ve rolled over. The amount in question is $140,000 with half the contributions being standard 401(k) and half Roth 401(k). Would it be advantageous to roll these over and pay the taxes now? My pay is currently mostly commissions so I do pay a relatively high rate on the roughly $90,000 I make per year. Thoughts?
Dump this scam of a product pay the tax and buy Bitcoin and never worry about your funds being frozen by some ass hat brokerage!
Dump this scam of a product pay the tax and buy Bitcoin and never worry about your funds being frozen by some ass hat brokerage!
There's something to be said for that!
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the tax consequences are too high
you will be on the hook for at least 28,000 or 14,000 in taxes for tax year 2025
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IRA rollover
if you rollover into Roth IRA you have to pay taxes on it so my recommendation is do a slow rollover in Roth IRA, like 7000 bucks at a time
update: I did something similar in 2015 and did it all at once and had to pay taxes on it (I was able to arrange monthly installments for 7 years)
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