401K : Take advantage of it. :::kind of a lengthy post but good.

[tony]

What I'm saying is roll over my 401K to a Roth IRA, which would not be taxed on the rollover or disbursement after I reach retirement age.

[SniperJoe]

What I'm saying is roll over my 401K to a Roth IRA, which would not be taxed on the rollover or disbursement after I reach retirement age.

You can't do that. Well, you can, but you pay a HUGE tax penalty on it (I'm talking on the order of 20% of the value), which only typically makes sense if you are in the lowest tax bracket and VERY young. If you do it right before retirement, you will REALLY be hurting yourself.