My father makes after-tax contributions to his 401(k). Should he take these as his RMD or leave them for his beneficiaries?
Tax Guy
‘My father is a widower, so any beneficiary would be a non-spouse’
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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.
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