Roth 401(k) to Roth IRA
Hi:
I am 64 and I am planning to open a Roth 401(k). I already have a funded Roth since 15 years.
My key question is to do a roll over from Roth 401(k) to Roth IRA (Both contribution and potential Gains), do I need to wait for 5 years after opening the Roth 401(k)?
Permalink Submitted by Alan - IRA critic on Tue, 2024-06-11 23:45
No wait is necessary. A rollover of the Roth 401k balance to an already qualified Roth IRA will be treated as fully qualified once it is rolled to the qualified Roth IRA.