My father recently retired at 63. He has some money in his 401k (the provider is ADP) and they keep emailing him with an advertisement telling him the ramifications of withdrawing any money out early (due to retiring early).
My dad already wasn't planning on taking any money out of his 401k, he doesn't need any of it right now. But the email also stated things he could do to his 401k. One of those options was to move his 401k to a Roth IRA.
Is this generally considered good / bad practice? I believe the withdrawls from a roth are tax deferred (that is he doesn't have to pay taxes on any withdrawl), but does that mean if we move his 401k retirement money into a roth ira he would pay any additional taxes?
Is it worth moving it or just let it sit in a 401k?