Updated Thursday, September 3, 2015 as of 6:52 AM ET

Ask Ed Slott: Your IRA Expert

I turned 70 1/2 this year and I am retiring before the end of the year. I understand I need to take my RMD from my 401(k) before I can transfer it to an IRA. I have before-tax and after-tax money in my 401(k). If I move it to an IRA, can the after-tax money be moved to a Roth IRA instead of receiving a check for that amount? Thank you.

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Comments (1)
I didn't have to think twice. I was glad to get my money out of wall street before they looted it. Most all of the money there was money I put in. I avoided loans from commercial banks and pay day lenders and made loans to myself from that 401K. The interest collected went to me. Now it sits in a FDIC insured IRA. I could care less now about what wall street is doing. Capitalism works great on other peoples money. As for me the wealthy will have to spend their own.
Posted by Valen S | Tuesday, February 26 2013 at 3:30AM ET
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