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Posted on 7/11/14 at 11:02 am to LSUTOM07
As far as your question of taxes on distributions, yes.
Posted on 7/11/14 at 11:08 am to LSUTOM07
quote:
What you have posted is about a Roth IRA. Are these the same exact rules for Roth 401K?
Ah shite, I skimmed the thread title. My bad
LINK
quote:
However, distributions from Roth 401(k) accounts will include a prorated amount of basis and earnings. As such, non-qualified distributions will be taxed, but only on the amounts that are attributed to earnings. The determination of whether a distribution from a Roth 401(k) is qualified, and the amount of basis included in such distributions, must be made by the plan administrator. This is unlike the Roth IRA, where the account owner is responsible for keeping track of the basis and determining whether distributions are qualified.
Posted on 7/11/14 at 11:59 am to LSUTOM07
The main difference is that you have to take rm.'s from a roth 401, unless you roll it into a roth IRA
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