Reported about 6 hours ago
Suze Orman recently shared her thoughts on a woman's plan to move her $1.6 million pretax 401(k) to a Roth 401(k) and then to a Roth IRA, calling the idea 'crazy.' Orman highlighted that such a conversion incurs immediate tax liabilities and recommended a more sensible approach: withdrawing $100,000 from the 401(k) to convert to a Roth IRA, where taxes would be paid upfront. She emphasized that one cannot avoid taxes through this process and advised starting the conversion sooner rather than later.
Source: YAHOO