BenefitsLink Message Boards > 401(K) after tax contribution to Roth?

Full Version: 401(K) after tax contribution to Roth?

BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs

jay

Dec 10 1998, 01:31 AM

I have after tax money that made into the 401(K) plan since I exceeded the allowed pre-tax amount. Is there a way to take this money out and put it into a Roth IRA?

Thanks

BPickerCPA

Dec 10 1998, 11:31 AM

After tax money in a 401(k) is NOT eligible for a rollover into any type of IRA.

rkeithle

Dec 22 1998, 05:44 PM

If the financial institution mistakenly rolls your 401K distribution directly to a Roth IRA, how can you undue it so you can redo it properly. ( 401K to Regular IRA to Roth).

dells

Jan 4 1999, 01:47 AM

I believe many 401K plans will permit withdrawal of your after-tax contributions (not the earnings) any time as cash. Check with your plan administrator. With that cash, you would be able to open a Roth IRA.

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