Messages

1

Taxes / Re: Converting OUT of a ROTH 401k to traditional 401K

« on: November 04, 2019, 04:47:31 AM »

Well. Darn. It.

(Thank you for the information - I appreciate it! I'll just be forward-looking for 2020)

2

Taxes / Converting OUT of a ROTH 401k to traditional 401K

« on: November 01, 2019, 01:09:11 PM »

Being new to FIRE, I foolishly put all my 2019 401K dollars into a ROTH 401K. Now that I am trying to look up converting OUT of the Roth 401k to an in-plan 401k (just for 2019), I can't find any information on that process (the internet only seems to think people would want to transfer IN). I figured it would be easy since I've already paid taxes, and therefore after the transition, I would just get a bigger refund come tax return time.

Well, I called my plan administrator and they said it can't be done, but seemed less than confident when their reasoning was because 'that's what the IRS says.' I can't find anything on the IRS website related to this, but you all seem like a tax-savvy group - has anyone else encountered this issue?

Thank you!