Navigating Tax Implications of Rolling Over Roth 401(k) to Roth IRA
Wednesday, 29 May 2024, 11:00
Rolling Over Roth 401(k) to Roth IRA
I have an after-tax 401(k) that I would like to roll over to a Roth IRA with Schwab. Experts at Schwab say it can be rolled over to a Roth IRA without paying any taxes. However, I think they are wrong as I will still have to pay taxes on the earnings and capital gains accumulated.
Expert Opinions
Experts are divided on the potential tax implications of the rollover. Understanding the tax treatment of this conversion is crucial to avoid unexpected tax liabilities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.