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In-plan Roth RolloversIn-plan Roth Rollovers
An in-plan Roth rollover (IPRR) is effective for distributions from Internal Revenue Code Section 401(k) plans and IRC Section 403(b) plans made after Sept. 27, 2010 and for distributions from IRC Section 457(b) plans for taxable years beginning after 2010.1 But a taxpayer needs to consider certain factors before deciding whether an IPRR makes sense. Here are the rules on IPRRs and the key points
An in-plan Roth rollover (IPRR) is effective for distributions from Internal Revenue Code Section 401(k) plans and IRC Section 403(b) plans made after Sept. 27, 2010 and for distributions from IRC Section 457(b) plans for taxable years beginning after 2010.1 But a taxpayer needs to consider certain factors before deciding whether an IPRR makes sense. Here are the rules on IPRRs and the key points to consider in determining whether an IPRR is the most attractive option for your client.
IPRR Fundamentals
Here are the basics:
What is it? An IPRR is an eligible rollover distribution from an individual's plan account, other than a designated “Roth account,” that's rolled over to the individual's Roth account in the same plan, pursuant to IRC Sec...
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