401K rollover
My husband has a 401K at a company that he no longer works at. He made both pre- and post-tax contributions. We are considering transferring it to two IRA accounts (i.e. x% goes to an IRA at one company and the remainder into an IRA at another company). The 401K money would be transferred in its entirety to the first IRA, and then a piece of it transferred to the second IRA from there.
What happens to the accounting of the post-tax contributions, so that that money is not taxed again once it is time to make the mandatory distributions?
Thank you.
Permalink Submitted by Alan - IRA critic on Sun, 2014-08-10 00:56