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kkettner
Level 1

Roth IRA Withdrawl after 59 1/2

I want to roll over a significant amount of after tax money in my old 401K into a ROTH IRA that I have had for 10 years.  The ROTH currently only has about $10K and I will be adding $100K after tax money (not current ROTH) from the 401K.  QUESTION: can I withdraw more than $10K, including any gains, before a 5 year waiting period tax free?

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Accepted Solutions
macuser_22
Level 15

Roth IRA Withdrawl after 59 1/2


@kkettner wrote:

I want to roll over a significant amount of after tax money in my old 401K into a ROTH IRA that I have had for 10 years.  The ROTH currently only has about $10K and I will be adding $100K after tax money (not current ROTH) from the 401K.  QUESTION: can I withdraw more than $10K, including any gains, before a 5 year waiting period tax free?


Your Roth has already met the 5 year rule. Only conversions have a new 5 year period - rollovers do not.   As long as you are not converting before tax 401(k)  money to the Roth, it is simply a rollover of after-tax money from one account to another.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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1 Reply
macuser_22
Level 15

Roth IRA Withdrawl after 59 1/2


@kkettner wrote:

I want to roll over a significant amount of after tax money in my old 401K into a ROTH IRA that I have had for 10 years.  The ROTH currently only has about $10K and I will be adding $100K after tax money (not current ROTH) from the 401K.  QUESTION: can I withdraw more than $10K, including any gains, before a 5 year waiting period tax free?


Your Roth has already met the 5 year rule. Only conversions have a new 5 year period - rollovers do not.   As long as you are not converting before tax 401(k)  money to the Roth, it is simply a rollover of after-tax money from one account to another.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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