Hi Everyone, I'm currently in the midst of rolling over my old employer retirement accounts (two 401ks) into a Roth IRA and I honestly forgot that that's going from pre-tax to post-tax (I didn't get the chance to meet with a financial adviser b/c we all work 9-5) so I went ahead without thinking about the tax consequence. From what I understand this rollover will show on my tax return and depending on my state and federal income tax bracket, do I just multiply the rollover amount by the state and federal tax bracket I'm in to get the tax amount? So far I've rolled over one of the 401ks but still have another one that i'm debating putting into a traditional IRA so i avoid the tax.
Thank you for your help.
Submitted July 26, 2019 at 09:32PM by BergHeimDorf https://ift.tt/2Om1J5g
