Author Topic: Best option for 401k rollover after selling business  (Read 175 times)

MOfire

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Best option for 401k rollover after selling business
« on: November 22, 2020, 08:51:48 AM »
We closed on the sale of our business on Friday and I've got ~$160,000 in my company sponsored 401k plan. As I understand it, you're allowed 60 days to execute a rollover after leaving a job. Am I allowed to roll this into my Roth IRA and pay the applicable taxes the would result from converting from a pre-tax contribution vehicle to Roth? Would this be the best option or am I missing something?