`Direct Rollover from Fidelity SE401(k) to Roth Online

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SpideyIndexer
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Joined: Thu Apr 02, 2015 10:13 pm

`Direct Rollover from Fidelity SE401(k) to Roth Online

Post by SpideyIndexer »

Curious if any has ever performed a rollover from Fidelity's SE401(k) to a Fidelity Roth IRA online. Either cash or in-kind. A rep said either type transaction can be made, and I would need to fill out a paper form and either mail it or take it to a local office. However, their form advises that quicker transactions can be performed online. Interesting their form allows specifying the assets in either dollars or number of shares (and of course the investment vehicle(s).)

It's not intuitively obvious how to perform the transfer online, if indeed it is possible.

FYI, this is a type of Roth conversion but it seems the jargon is "rollover" when the source is any type of 401(k). Yes, I realize it is a taxable event if the assets are pre-tax.

If anyone has gone thru this process, how long does it take?
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