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Old 02-10-2015, 08:23 PM
 
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With a Roth IRA, you can withdraw contributions anytime without penalty. If you roll a 401(k) to a Roth IRA, is the rollover amount considered contribution for penalty-free withdrawal purposes?
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Old 02-10-2015, 08:28 PM
 
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You can't roll a 401k into a Roth. You'd have to do a Roth conversion subject to taxation
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Old 02-10-2015, 08:33 PM
 
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Originally Posted by Lowexpectations View Post
You can't roll a 401k into a Roth. You'd have to do a Roth conversion subject to taxation
You dont know whether any of the 401k is a roth 401k or whether any of the 401k is made up of post tax contributions. You are wrong. Or this is another example of you thinking you have written something that is in your head only.
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Old 02-10-2015, 08:33 PM
 
2,409 posts, read 2,639,148 times
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Originally Posted by Lowexpectations View Post
You can't roll a 401k into a Roth. You'd have to do a Roth conversion subject to taxation
What tax? My 401(k) is a Roth; I paid income tax on the contribution.
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Old 02-10-2015, 08:36 PM
 
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Originally Posted by Bradmilano View Post
You dont know whether any of the 401k is a roth 401k or whether any of the 401k is made up of post tax contributions. You are wrong. Or this is another example of you thinking you have written something that is in your head only.
Most people would label it as Roth 401k. You can not roll a 401k directly into a Roth. If you had a Roth 401k balance or after tax non Roth balance you could however neither were stated
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Old 02-10-2015, 08:37 PM
 
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Originally Posted by AmFest View Post
What tax? My 401(k) is a Roth; I paid income tax on the contribution.
Then it's a Roth 401k balance not 401k
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Old 02-10-2015, 08:39 PM
 
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https://www.kitces.com/blog/irs-noti...th-conversion/

You are wrong.
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Old 02-10-2015, 08:39 PM
 
2,409 posts, read 2,639,148 times
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Originally Posted by Lowexpectations View Post
Then it's a Roth 401k balance not 401k
My god. Are we going into definitions now? 401(k) has two types: Traditional 401(k) and Roth 401(k). Both are 401(k).

Now that you know I was referring to Roth 401(k), do you know the answer to my question?
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Old 02-10-2015, 08:41 PM
 
291 posts, read 250,319 times
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Originally Posted by Lowexpectations View Post
Most people would label it as Roth 401k. You can not roll a 401k directly into a Roth. If you had a Roth 401k balance or after tax non Roth balance you could however neither were stated
This is yet another example. You state that you would have to be taxed on a roth conversion. This is wrong. Then you say "well you didn't state that it was a roth 401k or made of after tax controbutions". you are not good at giving advice.
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Old 02-10-2015, 08:47 PM
 
18,854 posts, read 13,601,877 times
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Originally Posted by Bradmilano View Post
This is yet another example. You state that you would have to be taxed on a roth conversion. This is wrong. Then you say "well you didn't state that it was a roth 401k or made of after tax controbutions". you are not good at giving advice.


To go from a 401k to Roth it is taxable, Roth 401k to Roth it's non taxable and after tax 401k to Roth it's non taxable.

What firm do you work for again?
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