Can distributions from a Roth account be rolled over?
Yes, you can roll your Roth 401(k) account over, but only to either a similarly designated Roth 401(k) account of another employer, or to your own Roth IRA. If you do not roll your Roth account over as described above, the previously-untaxed earnings will be treated as an early distribution from a qualified plan (and consequently subject to the taxes and penalties for any such early distribution) UNLESS you’ve had this Roth account for more than five years.
Yes, you can roll your Roth 401(k) account over, but only to either a similarly designated Roth 401(k) account of another employer, or to your own Roth IRA. If you do not roll your Roth account over as described above, the previously-untaxed earnings will be treated as an early distribution from a qualified plan (and consequently subject to the taxes and penalties for any such early distribution) UNLESS you’ve had this Roth account for more than five years.
Related Questions
- Can an employee roll over distributions from a designated Roth account to another employers designated Roth account or into a Roth IRA?
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