Retirement Planning/inherited 401k

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Question
My husband passed away in 2011. I inherited his 401k through Fidelity. I chose to leave the 401k with Fidelity. I am 58 years old. Can I rollover half of the 401k to a roth? Thank you.

Answer
You will first have to roll the 401(k) into your own IRA, you can then convert that to a ROTH. I am assuming your husband did was not 70 1/2 or older at his death.  

Remember, you can also invest that IRA is real estate, private loans, or other private investments as well. You don't have to stay in what the investments firms want you to stay in.

I hope this was helpful.

Joe DiDomenico  

Retirement Planning

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Joe DiDomenico

Expertise

I can answer any questions related to Individual Retirement Accounts (IRA). This includes what can and can't be done with an IRA because of IRS regulations. I can also answer questions about the different types of retirement accounts and how they apply to different people in different situations. I can help direct people on what steps to take next with their retirement accounts.

Experience

I was a Financial Consultant at Merrill Lynch for 7 years and a Senior Vice President at CitiGroup for 3 years.

Organizations
N/A

Publications
I wrote a book entitle, "Blame It On the Broker", currently for sale on Amazon.

Education/Credentials
Bachelor's in Financial Services from San Diego State University

Awards and Honors
N/A

Past/Present Clients
hundreds

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