My client is 64 and wants to work at her company for a couple of more year but her 401K does not have the appropriate investments for her risk profile since she is so close to retirement. She can now do an in-Service distribution and would like to roll her After Tax contribution and Pre tax contributions. My question is on the after tax contributions- my understanding is that her after-tax contributions  (not earnings) is $66,000 can be rolled over to  a ROTH without taxation. Is that correct? Once she Rolls them to a newly opened  Roth at say Schwab – will she have to wait for 5 years to access any profit earned to avoid tax on the profit? Next Question: Can she choose instead of rolling it to a ROTH, take the$66,000 and put it in an after tax in a brokerage account without tax implications?    99% of her investments are in IRA’s and having this one  taxable account could provide some flexibility with taxes. In this way, this taxable brokerage account invested in stocks can be used for tax loss harvesting?