My father makes after-tax contributions to his 401(k). Should he take these as his RMD?
~1 minute
Tax Guy
My father makes after-tax contributions to his 401(k). Should he take these as his RMD or leave them for his beneficiaries?
‘My father is a widower, so any beneficiary would be a non-spouse’
Published:
Dear Quentin,
I have recently become the power of attorney for my father. In reviewing his documents, I found that he had been making after-tax contributions to his 401(k) plan all these years.
I know that nowadays you would put those after tax amounts into a Roth 401(k), but he never did.