RMD from Roth 40l(k)?
I just learned that I will have to take RMD’s out of my 403(b) roth account. Is this true? If so, are there any tax consequences to transfer 403(b) roth to regular roth? I assumed the benefit of any roth type accounts is that you would not have to take rmd’s.
Thank you.
Terry Says
Well, they have “fixed” that problem with Roth 40l(k) accounts. Starting in 2024, investors in employer retirement plans likes Roth 401(k) accounts will no longer have to take RMDs. This change aligns Roth 401(k) with Roth IRAs, which don’t require distributions during one’s lifetime.
