Welcome Michelle. I'm located in the lower Hudson Valley area and also interested in growing my operation with PML/syndication opportunities. Just wanted to say hello and network with another like-minded investor.

Lucas, why don't you do a direct chat with the OP, if they still need a referral?

There is no short or straightforward answer to this. New York is notorious for chasing after those who claim a change of residency and taxing them as residents after audit. You first have to grasp NYS's specific definitions of "residence" and "domicile." They can be, but are not always the same place. New York will tax you if you are either domiciled in the state, or have residency in the state. You don't have to be both. Your domicile is your permanent and primary residence that you intend to return to or remain in after being away. You can only have one domicile. Residence means a "place of abode," and you can have multiple in different places. Ownership of the premises have nothing to do with it. You can own, rent, or crash with a friend. New York domicile does not change until you can demonstrate you have abandoned your domicile and established a new domicile elsewhere. Filing a certificate of domicile, registering to vote, or getting a driver's license in the new location are not, in and of themselves, evidence of a change in domicile. All aspects of your life are subject to review for confirming your domicile if you are audited. They want evidence that your life is clearly and substantially connected to the new domicile, and not NYS. Assuming your domicile is legitimately changed (your circumstances hold up to an audit), you are still subject to NYS tax if you have a place to stay in NYS and spend more than 184 (whole or partial) days ANYWHERE in the state. You are also subject to NYS tax if any of your income is from NYS sources.

Thanks for investing your time toward helping others.

Hello Pearl. From a legal/IRS perspective, a 401-K can be converted directly to a Roth IRA. Here is a link to the IRS's rollover chart which shows what is permissible. https://www.irs.gov/pub/irs-tege/rollover_chart.pdf However, your plan and the receiving institution can have additional restrictions which would require you to do a traditional to traditional rollover, and then an in-plan conversion. It's truly best you discuss with your CPA or tax attorney to decide the best route, or if a conversion is beneficial at all, as there are a lot of nuances and consequences. A Roth conversion is fully taxable in the year it is done, you cannot undo it, and there is a 5 year clock on each conversion. Fpr example; you may be able to roll that money into your next employer's traditional plan (or a self directed Solo 401-K) and access it at age 55 instead of 59, or convert when you are living in a no-tax state or when markets are down (pay less tax). I also see you live in NY. You can distribute or convert 20K per year from a traditional plan at age 59.5 without paying any NY State tax. There are so many options and variables. Many depend on your personal goals, age, and other details. A professional can best help you maximize the opportunities.