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re: Simple Roth 401K Question

Posted on 7/11/14 at 11:08 am to
Posted by dcrews
Houston, TX
Member since Feb 2011
30237 posts
Posted on 7/11/14 at 11:08 am to
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.
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