MBA 403(b)
MBA Roth 403(b) Conversion Webinar
In September 2010, legislation was passed to allow for in-plan 403(b) Roth conversions. As an additional, time-limited benefit, you will be allowed to spread any resulting tax liability from a conversion over the next two tax years (2011 and 2012) on conversions made before December 31, 2010.
This webinar by AG Financial Solutions covers the topics of:
- Roth vs. pre-tax contributions
- Eligibility to convert
- Benefits of converting prior to December 31, 2010
Download the MBA Roth 403(b) Conversion Form »
Remember to consult your own tax advisor regarding your specific tax situation. If you have questions, please call 1.800.622.7526 or email .
Many Roth 403(b) rules differ from Roth IRA rules. Roth 403(b) contributions are taxed before going into the plan. Roth 403(b) contributions are made through salary deferral. Distributions are not allowed except after five years from the date of the first contribution and can only be made after age 59 1/2, at disability, or at death. Distributions for severance from employment are allowed but may be subject to taxes and IRS imposed penalties. Maximum Roth 403(b) contributions are limited by amounts specified by law.
