jetfaninmn
Oct 6 2006, 01:25 PM
I know what can come into a 401(k) plan, but can a 401(k) distribution be rolled over into a Roth IRA?
Mike
jevd
Oct 6 2006, 02:18 PM
Not until 2008. PPA will allow for plan years after 2007.
Until then, you must rollover to a traditional IRA and then convert to a ROTH IRA.
You also need a distribution event from the 401(k)>
doombuggy
Oct 9 2006, 07:35 AM
I just had a client ask me the same question. They have a former EE who wanted to roll her $218.29 401(k) pre-tax account balance into a Roth IRA. I will let him know that this former EE will need to take her money som other way. Thanks!
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