Updated Thursday, September 3, 2015 as of 12:36 AM ET

Ask Ed Slott: Explaining the New Tax Law

Does the new tax law authorize the rollover of after tax 401(k) accounts to a Roth IRA?  If it does, do you have to pay tax on the earnings in the account at the time of transfer to the Roth?

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Comments (10)
I solved my financial problems by using this tool. This online interview with an advisor helped me to save over 3000$ per month.
Posted by Ramona S | Monday, March 25 2013 at 8:22AM ET
I heard that there is a tax loop hole that someone who earns above contribution limits for a Roth IRA can contribute to their traditional IRA than can move it to a Roth without limits on income?
Posted by John H | Monday, March 25 2013 at 9:00AM ET
What does "pro-rata" mean in this context? Yes, I've googled it... ;-)
Posted by Jim K | Monday, March 25 2013 at 9:14AM ET
Principal (not principle)
Posted by James K | Monday, March 25 2013 at 10:28AM ET
weird, James K answers Jim K

thanks so much for the response!!
Posted by Jim K | Monday, March 25 2013 at 12:24PM ET
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