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Level 2

Question

ROTH 401K CONVERSION TO ROTH IRA

Forum|Forum|3 years ago
November 13, 2022
2 replies
17 views

Does a Roth 401k have to be held for 5 years before it can be converted to an existing Roth IRA? Taxable?

Level 15

NO.

Level 2

It depends on what question you are asking. You can convert the Roth 401K to a Roth IRA at any time, however the Roth IRA contribution has its own 5 year clock that starts the day of the conversion. In other words if you've held the Roth 401K for 4 years and 364 days and then make a conversion you have 5 years to go before you've held your new Roth IRA contribution (from the conversion) for the required 5 years. This rule only applies to conversions.