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I have after tax contribution. I have setup Roth in plan conversation. If I rollover that money to a Roth IRA, which I can do since it is after-tax money. Do I have to wait for 5 years to withdraw my contributions from Roth IRA without penalty or incurring additional tax?

https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/

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    Is the 401(k) money post-tax contributions or are they Roth contributions? They are different things. – mhoran_psprep Jul 20 '20 at 16:43
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    Just be sure that you can withdraw only the after-tax contributions to a Traditional 401(k) from the 401(k) plan in order to roll that money over into a Roth IRA. – Dilip Sarwate Jul 20 '20 at 16:44
  • @DilipSarwate: Withdrawals and conversions from Traditional 401(k) are subject to the pro-rata rule, so you can't withdraw or convert only the after-tax amounts if there are pre-tax amounts (including earnings). But you can split a rollover so that after-tax amounts go to Roth IRA and pre-tax amounts go to Traditional IRA. – user102008 Jul 20 '20 at 19:09
  • @user102008 Thanks, and yes, I know about the pro-rata stuff. – Dilip Sarwate Jul 20 '20 at 19:20
  • @mhoran it is after tax – Aravind T Jul 22 '20 at 7:00

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