IRS Permits In-Plan Roth Rollovers.

Solo 401k Plan

If you think you will be in a higher tax bracket in retirement, you might want to consider this Roth conversion opportunity .

IRS now permits participants that make Roth elective deferral contributions to make an in-plan Roth rollover of any vested amount.

The IRS cautions that participants will be required to pay income tax on the full amount.

You may also need to increase your tax withholding from other income sources outside of the plan or make estimated tax payments to avoid an underpayment penalty.

 IRS Notice 2013-74

Solo 401k Plan: Your Opportunity for Checkbook Control of Your Future