401(k) Rollover
I am aware of the fact that you can only do one rollover each year. If an employee has money in the Roth 401(k) and Non-Roth (Traditional Deductible contributions), are they allowed to move money out at the same time? Or do they have to rollover the Roth portion now and wait a year before rolling over the Non-Roth monies?
Permalink Submitted by Alan Spross on Wed, 2008-03-19 22:51
If you are talking about a rollover after separating from the employer, you can do them both at the same time. The number of rollovers permitted does NOT count rollovers OUT of employer plans, only IRA to IRA rollovers.