nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
I think I'm in a fairly common situation having multiple retirement
accounts of various kinds. I have a 401k with pre and after tax money with
one firm and a 403b, annuity, Roth IRA and Traditional IRAs with pre and after tax money with another firm.
When I take distibutions form these accounts I have to take proportionally from the after tax and pre tax amounts, so if 10% of my the money is after tax then 10% of my withdrawl must also be from the after tax bucket. I think I have to include qualified plans I have with both companies when I do this calculation, Is this correct?
To avoid this I'm considering rolling over my old 401k to the company I have my IRAs with, however, they cannot track the after tax contributions. Any suggestions for better handling all these different accounts?
accounts of various kinds. I have a 401k with pre and after tax money with
one firm and a 403b, annuity, Roth IRA and Traditional IRAs with pre and after tax money with another firm.
When I take distibutions form these accounts I have to take proportionally from the after tax and pre tax amounts, so if 10% of my the money is after tax then 10% of my withdrawl must also be from the after tax bucket. I think I have to include qualified plans I have with both companies when I do this calculation, Is this correct?
To avoid this I'm considering rolling over my old 401k to the company I have my IRAs with, however, they cannot track the after tax contributions. Any suggestions for better handling all these different accounts?