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Home | New Law Allows 401(k) Pan Account To Be Converted To A Roth 401(k) |
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New Law Allows 401(k) Pan Account To Be Converted To A Roth 401(k)
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- October 11, 2010
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Pursuant to The Small Business Jobs Act of 2010, Solo 401(k) Plan participants or employees can now convert of a traditional 401(k) or 403(b) account to a Roth 401(k) in the same plan if their employer offers one. Converting a traditional 401(k) account to a Roth 401(k) account will offer the same one-time tax perk as Roth IRA conversions in 2010.
The Small Business Jobs Act of 2010, signed by President Obama contained a little-known provision, which went to affect on Sept. 27, 2010, allowing for the conversion of a traditional 401(k) or 403(b) account to a Roth in the same plan if their employer offers one. However, the 401(k) Plan participa...
- Read more at:http://www.1888pressrelease.com/new-law-allows-401-k-pan-account-to-be-converted-to-a-roth-pr-247774.html
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