Big News for 401k Participants. You may have heard about the special conversion rules that allow traditional IRAs to be converted to Roth IRAs in 2010 with a 3 year payout for the taxes. If you are not aware, a Roth account is a tax deferred account that is funded with after tax dollars. A [...]
The questions does come up, what if the 401(k) plan is terminated? What do I do with my alternative asset in the 401(k)? Alternative assets are no different than stocks; the assets would be rolled over to a Self Directed Traditional IRA. This is a very common technique for physicians. For whatever reason, physicians like to hold non-traditional assets. When they retire, many do not want to keep the plan open because of the additional costs. They will close the plan and roll the remaining assets to their traditional IRAs.