Direct Rollovers - Qualified Retirement Plans to Roth IRAs
Learn the ins and outs of direct rollovers from qualified retirement accounts to Roth IRAs. This is a relatively popular transaction that could benefit you. If you have questions, consult with a
Distributions can be rolled over directly into a Roth IRA from:
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Qualified retirement plans,
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Tax-sheltered annuities, and
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Governmental Code Sec. 457 plans.
The rollover, however, is still subject to the usual rules that apply to rollovers from a traditional IRA into a Roth IRA:
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Includible in gross income (except to the extent it represents a return of after-tax contributions), and
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The 10% early distribution tax does not apply.