Ask the Dolans: Options for converting my 401(k)
Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday.
With record numbers of layoffs, many people are finding themselves with 401(k) plans left behind at their former employer. Find out two things NOT to do with your 401(k) and learn what your best options are for rolling it over.
Dear Ken and Daria,
I just lost my job, and I've lost 40% of my 401(k) investment in the market. Can i convert my 401(k) to a Roth IRA without paying taxes?