Roth IRAs and You

You, too, can have a Roth individual retirement account (IRA). How? And why would you want to? The final regulations under Internal Revenue Code Section 402A confirm that you may establish a Roth IRA by rolling over a Roth account that's in a 401(k) plan (a Roth 401K account) into a Roth IRAregardless of the usual, modified adjusted gross income (MAGI) limitations that apply to establishing a Roth

You, too, can have a Roth individual retirement account (IRA). How? And why would you want to?

The final regulations under Internal Revenue Code Section 402A confirm that you may establish a Roth IRA by rolling over a Roth account that's in a 401(k) plan (a “Roth 401K account”) into a Roth IRA—regardless of the usual, modified adjusted gross income (MAGI) limitations that apply to establishing a Roth IRA. Your MAGI, for Roth IRA purposes, is your adjusted gross income (AGI) as shown o

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish