Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 02-27-2015, 08:27 AM   #21
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 2,504
Originally Posted by pb4uski View Post
Also see below from Fairmark Forum :: Retirement Savings and Benefits :: Distributions from RIRA after TIRA transfer

I believe that in the OPs situation that the the amount converted into the Roth from the after-tax 401k would need to be in the Roth for 5 years before it could be withdrawn penalty free (even if the Roth account is over 5 years old). However, the OP could withdraw contributions without any withdrawal penalty and any withdrawals would be contributions first anyway.
I love that table by kawill but again, be was meant for TIRA to RIRA conversions and did not have after-tax funds from a traditional 401K in mind. In fact, if you did attempt to use that table in this case, you might say
that this was a non-taxable conversion (since after tax funds involved) and the table says no tax or penalty.......I'm not sure that's the right answer.....Alan S.

kaneohe is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2015, 08:28 AM   #22
Full time employment: Posting here.
Join Date: Jan 2013
Posts: 660
Originally Posted by kaneohe View Post
Be careful's my impression that aftertax account in a traditional 401K is different in some details than a Roth 401K
You are right, so my post may not apply to OP's situation. He'll probably be along shortly to clarify what he meant by "after tax" money in his wife's 401k. But I'm glad to post the fairmark link in any case, since it should be helpful to people who do have designated Roth contributions in their 401ks

karluk is offline   Reply With Quote
Old 02-27-2015, 08:33 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,201
From the way it was worded, I'm assuming that the OP meant an after-tax 401k balance was rolled over, not a Roth 401k but your are right that it would be good for the OP to clarify.

It might be somewhat academic as well since under the ordering rules contributions would come out first anyway.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Traditional after-tax IRA -> Roth IRA conversion easy? wanaberetiree FIRE and Money 3 09-16-2013 08:10 AM
Tax Time - 2010 Roth Conversion opted to defer tax and now in different state Aeowyn FIRE and Money 2 03-23-2012 08:13 PM
Rule of thumb for ROTH conversion? grayparrot FIRE and Money 44 02-06-2012 03:47 PM
401K & IRA Conversion to Roth Tax Stategy Trawler FIRE and Money 27 01-20-2011 01:10 PM
Strategy for Roth 401k to Roth IRA conversion and withdrawals sweng85 FIRE and Money 9 04-21-2009 10:28 PM


All times are GMT -6. The time now is 06:41 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.