Moving after tax $ in 401A to Roth IRA?
I read in Mr. Slott’s book that new tax laws in 2008 will allow for distributing after-tax money held in a 401A plan to a Roth IRA. Can anyone point me to information which would clarify this for me?
TIA for any help or advise.
Permalink Submitted by Alan Spross on Thu, 2007-12-20 22:00
There have no Regs issued to more clearly define the direct rollover to a Roth IRA from a qualified plan. Here is the appropriate section of the PPA:
http://fuguerre.googlepages.com/PPA.htm#ppa824