Rollover After-Tax Contributions in 401k Plans
If your 401(k) balance contains both pretax and after-tax traditional amounts and you are retiring and rolling over the balances to an IRA, the IRS now allows you to roll over the after-tax portion of the distribution to a ROTH IRA instead of a traditional IRA. Electing to use the ROTH IRA IS A NO-BRAINER!! Click here to read this weeks' blog by Brian Hantsbarger, CPA which gives important information on the benefits of a rollover to a ROTH IRA. To read posts from other members of the Conner Ash team, click here to check them out.