Hi,
I'm looking for a little advice on what I should do with money I have
in a 401A. I was working in a public agency position where my
retirement was put in a 401A and the funds were taxed by the state
government but not the federal government, so upon withdrawal the
federal government will want their share. There is only about 16,000
in the account, so I think if I flat out withdraw it I will get about
11,000. My new job offers a 401K and from what I understand the 401A
can't roll over into this, but it can a regular IRA. I would like to
start a Roth, but I think in order to do this I would need to withdraw
the money and be taxed on it and then start the Roth. I would like to
move it out of the 401A so I can actively contribute to it, but the
question is where to and how?
I would appreciate any insight.
Thanks!
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