OK, I finally did it. I will be transferring my 401K (from a previous employer) over to a brokerage account. Because of the paperwork BS, I will be out of the market for at least a week. Let's hope for a big market swoon the next week or two.
My questions concern the fact that a small part of this 401K is after-tax contributions (i.e., basically a "Roth" 401K.) On my tax form, would I need to consider this as a qualified Roth distribution? (It has been more than 5 years since I had separated from the employer, so that would not be an issue.) Can I roll it over to a Roth IRA? The distribution will come to me directly as regular check that that I can do with as I please. (The tax-deferred part will be a check made out to the new traditional IRA custodian.)
My questions concern the fact that a small part of this 401K is after-tax contributions (i.e., basically a "Roth" 401K.) On my tax form, would I need to consider this as a qualified Roth distribution? (It has been more than 5 years since I had separated from the employer, so that would not be an issue.) Can I roll it over to a Roth IRA? The distribution will come to me directly as regular check that that I can do with as I please. (The tax-deferred part will be a check made out to the new traditional IRA custodian.)