Roth 401K

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If you have a Roth 401k and a regular Roth IRA, do you just sum them and put the total in the Roth IRA field? (Assuming that's correct, I suggest re-labeling the field and report column to Roth IRA/401k.) Thanks!

Comments

Yes, any Roth account should be included in the Roth IRA field. I will make a note to change the label to something more generic.

Thanks,
Darryl

Will this work? I thought that Roth 401K's and Roth IRA's are treated differently with respect to RMD's. From what I have been able to find, RMD (required min distributions) apply to 401K's and traditional 401K's, but don't apply to Roth IRA's. If program treats them the same, RMD's won't get figured correctly. Assets tab label "Roth Accounts" seem to suggest including both Roth 401K and Roth IRA. Table in contributions table is labeled "Roth IRA". How does ESP handle RMD's?
Wayne

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