Guest jay Posted December 10, 1998 Posted December 10, 1998 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 Posted December 10, 1998 Posted December 10, 1998 After tax money in a 401(k) is NOT eligible for a rollover into any type of IRA. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
Guest rkeithle Posted December 22, 1998 Posted December 22, 1998 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).
Guest dells Posted January 4, 1999 Posted January 4, 1999 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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