Personal Finance Advice and Commentary

Thursday, November 04, 2010 3:37 pm
By Jennie L. Phipps · Bankrate.com

The recently signed Small Business Jobs Act contains a provision that permits converting traditional 401(k) or 403(b) retirement accounts into Roth 401(k)s or 403(b)s. The bill was signed in late September and the specifics of it aren’t yet totally clear. For instance, the IRS hasn’t decided exactly which portions of your 401(k) that were contributed by your