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Updated over 8 years ago, 08/23/2016
Traditional or Roth IRA?
Hey BP team!
I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Roth IRA is the way to go if I want it to be tax free. I am just learning about the differences in accounts. Everything I have heard about using an IRA for investment purposes is to go with a traditional, but I read that if I roll it over into a traditional, I will be taxed up front. Is this true?