Quote:
Originally Posted by Bugeater
Ah hell. Should've known it wasn't that simple. Apparently the only way to itemize deductions is to have a giant mortgage and a shitload of kids.
Something else occured to me, lewdog mentioned that the max we can put in the 401k is $18,000/yr, and the Mrs' pension buyout will well exceed that. So her idea of putting it all in 401k won't work then. Maybe we should just take the tax hit and buy a Corvette. /shrug
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Can you roll the pension into a 401 or IRA? Typically rolls are not taxable unless you're rolling from traditional IRA to Roth. Then you have to pay tax on the amount to make it after tax contributions.