Can a spouse rollover pre-tax qualified plan assets to a ROTH IRA?


Can a nonspouse rollover pre-tax qualified plan assets to a ROTH IRA beginning next year?

Unless I missed something I didn't think anything could be rolled over to a Roth IRA except for Roth 401k/403b accounts?

Nonspouse benes can do rollovers starting in 2007.

Felicia, are you trying to figure out a way for people to avoid paying taxes on the pre-tax dollars?

No, I'm just trying to determine who can roll over (convert) assets to a Roth IRA--regardless of whether it makes sense or not.

By the way, beginning January 1, 2008 qualified plan assets can be rolled into a ROTH IRA--just trying to figure out if it applies to inhertied qualified plan assets, other than designated Roth accounts, as well

This is a forum to discuss legal topics related to retirement and benefit plans and a forum where people can come to bounce ideas off of one another. Also somewhere to come and learn about new laws and regs.

So, by the way, you can take your elitist, holier than thou attitude and shove it!

You're getting out of line. She asked a valid question about an upcoming change that is a result of recent legislation. That fact that you were unaware of the change to Roth rollovers is no reason to be hostile. Looks like you need to do some learning about new laws and regs yourself.

I'm not out of line. Where I come from responding to someone with 'by the way' is a sign of arrogance and an insult. It is a valid question and I responded too quickly with outdated current knowledge. Obviously I need to do a little more research, but this is a learning forum. There are more professional ways to respond to someone who wasn't aware of the new law change.

Wherever you come from, it is a pity you weren't taught any manners. Your professionalism is most impressive. And if you truly think your response isn't out of line, that is really sad.

If you keep this up, none of us other kids will want to play with you.

Why is "by the way" a sign of arrogance and an insult? Does the same apply to "nonetheless", "for your information" or any sort of transitional phrase? I reread Felicia's comments about 5 times trying to figure out what she said. Jefe, you were way out of line.

Here's my take on your question:
I looked at PPA 2006 Section 824 (http://www.dol.gov/ebsa/pdf/ppa2006.pdf) and noted that the actual change was made to the Roth rules and not the qualified plan rules. So, once the money is out of the QP, it's simply a rollover and doesn't matter if they were participant, spouse, or non-spouse bene in the QP. Meaning, w/out seeing the final rules from the IRS, anyone who can make a rollover will be able to do so to a Roth (subject of course to the already existing restrictions on Roth rollovers like the $100K modified AGI limit).

I can see how the phrase "by the way" could be used in an arrogant and insulting way. I can also see how that phrase could be used in an entirely benign way.

It seems to me, however, that there is only one way to use the phrase "take your elitist, holier than thou attitude and shove it!"