Five Things to Consider Before Rolling Your 401(k) into a Roth IRA

The phrase 401k in big red letters with dollar bills flying all around it.

A Roth IRA is one of the most powerful tools for building tax-free income in retirement, but getting money into one, especially from a 401(k), takes some thoughtful planning.

If you've recently changed jobs, are nearing retirement or just want more control of your long-term tax picture, rolling at least some of your old 401(k) into a Roth IRA might be worth exploring.