Thread regarding General Electric Co. layoffs

When you go through the online portal it will give you several options. When you click lump sum there is no way to roll to both a traditional and a Roth. What does this mean? If you select traditional you will get double taxed on your vpa. If you select Roth you will have to pay the tax on the company benefit amount (you probably don't have that kind of cash). The best option is to have the taxable amount roll to a traditional IRA and the non taxable amount paid out to you. This is now your money. Probably should use it to max out the Roth for the year. If you have more, then pay of high interest loans or drop in a CD. I suppose you could use the money to convert some traditional IRA to Roth IRA.