Several people have reported that they are not allowed to distribute or rollover their IRRs while still employed by the plan sponsor. If that is correct, for those people the original after-tax contribution may not be equally accessible.The bottom line is that your original after-tax contribution amount is equally accessible whether you initially converted into a Roth IRA, or you did an IRR within the Roth 401k. In the latter case you do need the extra step of a rollover to Roth IRA, but that can happen years later--if and when you decide to do an early withdrawal.
I understand that there are questions about whether the plan can do this or not, but it certainly appears that some do.
Statistics: Posted by retiredjg — Tue Dec 10, 2024 8:07 am — Replies 93 — Views 4852