AdBits | Exciting New Roth IRA Legislation

In today's episode, Adam Bergman, Esq., discusses a new bill that was recently introduced that would allow a Roth IRA to be rolled over to a Roth 401(k).
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IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
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[@ronfatherof4]

Thanks for the update. Keep up the good work.

[@Da_Crow]

Would this apply to 403b? I am able to pick my own stocks, mutual funds in a roth ira....i am limited in roth 403b...not sure if this would be a good move ?

[@IRAFinancial]

Hi,
The Roth legislation that allows for a roth IRA to be rolled into a 401k has not yet passed. It should also apply to 403(b) plans. Will post a new podcast with an update.
Thanks!

[@03c5z]

what are the advantages of rolling a Roth into a 401k? between my two accounts I see no advantage to the 401k. far fewer investment options and no way to touch the principal without penalties

[@IRAFinancial]

Hi,
Unfortunately, you cannot roll a roth IRA into a 401k. The rule may change in 2024. However, a roth 401k can be rolled into a solo 401k. The advantage of doing this would be to gain more investment flexibility through investing in a self-directed solo 401k.
Thanks

[@03c5z]

@@IRAFinancial thanks for clarifying