Jump to content

401(K) after tax contribution to Roth?


Recommended Posts

Posted

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

  • 2 weeks later...
Guest rkeithle
Posted

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).

  • 2 weeks later...
Posted

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.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use