One of the benefits of my summer internship was the company matching retirement contributions. I was automatically enrolled in a pre-tax 401k and I just went with it. Now that I'm leaving to go back to school, the company is forcing me to liquidate the account. I would like to roll the account into a Roth IRA and pay taxes now on the money. Will the bank automatically take taxes out of the account when I roll it over? I don't want them to do this as I get tax credits for being a student that will cover all of the taxes I owe. There's only about $1,200 in the account.
Submitted September 01, 2017 at 07:44AM by themapoe http://ift.tt/2xCMQyO
