My retired client wants to move his old 401k into a Roth. Is there a dollar limit as to how much he can convert to a Roth?

[Just-Lisa-Now- · Accepted solution]

You can roll as much as youd like, its going to be taxable income though if its a regular 401k into a ROTH.

[GodFather]

Here's a decent article on the topic:

401k to Roth IRA Conversion | The Motley Fool

[rbynaker]

Great article.  I like to recommend the "ladder" approach mentioned at the end of the article.  No point in driving yourself into a high tax bracket in one year only to leave your standard deduction un-utilized in future years.

I've had some (personal) slow and clunky experiences with rollovers the past couple years so if you're going to use the step ladder it might make sense to roll from 401(k) to Traditional IRA first, at an institution that can facilitate easy online Roth conversions (Vanguard is one, Fidelity is probably another, mixed results with other brokers).

Rick

[qbteachmt]

Definitely, move it all to Trad IRA first; then convert as they can afford to increase AGI and pay the tax. And this will affect IRMAA.