Guest arlene Posted January 19, 2005 Posted January 19, 2005 Now that deemed IRAs are permitted in qualified plans, does it follow that after-tax IRA money may now be rolled into a qualified plan?
FundeK Posted January 19, 2005 Posted January 19, 2005 No. After-tax IRA money can not be rolled into a qualified plan.
SoCalActuary Posted January 19, 2005 Posted January 19, 2005 It is a much better play to have the after-tax funds roll into a Roth and the taxable amount roll into the qualified plan. It does require that you are eligible for a Roth.
FundeK Posted January 19, 2005 Posted January 19, 2005 I do not believe that you can roll a Roth into a qualfied plan right now either. SoCal, Is that what you were suggesting?
SoCalActuary Posted January 20, 2005 Posted January 20, 2005 Split the traditional IRA into two payments: After tax funds go to Roth IRA Pretax funds go to qualified plan. Nothing was intended about Roth to qualified plan.
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