Anyone who has to take RMDs from their employer sponsored retirement plan, sadly, has to take RMDs from all components of the plan, even Roth deferrals!
There are few better investment returns than an employer’s matching contribution made to your 401(k). But after you retire or leave that company’s employment, you should almost always roll your 401(k) into an IRA for better investment choices. Being smart by rolling over your 401(k) can pay dividends for decades.
Tax Year 2019 Account Type Requirements Contribution Limit Helpful Articles Traditional or Roth IRA Contribution (subject to phaseouts, limited by wages) Age 49 and under $6,000 Should I Fund a Roth or a Traditional Account? Do Large Roth Conversions Require … Read More