rbynaker
Level 13
04-06-2022
07:58 PM
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@qbteachmt wrote:
"I have a Roth 401(k) and I'm not even sure what the distribution rules are"
You have RMD; roll it to Roth IRA, and that requirement goes away.
I have 20+ years before I have to deal with the RMD. 🙂
The new time clock that's running now is that TD Ameritrade is terminating their prototype plans later this year and moving everyone over to Schwab plans. Normally I wouldn't care but the Schwab plans don't allow Roth contributions. Yay, more fun with bank mergers! This was after Capital One acquired my Traditional IRA from ING Direct a few years ago and then, earlier this year, decided to stop doing IRAs. So I may end up with 4 direct rollovers in 2022. And I probably need to figure out how to file a 5500-EZ for a terminated plan.