Examples of Roth Contributions in a sentence
Please consult with your tax advisor before making any Roth Contributions to the Plan.
If you are rolling over Roth Contributions and you are under age 59½ or if your first Roth contribution was made less than 5 years ago, this will be considered a non-qualified distribution and the earnings attributable to your Roth Contributions will be taxed (unless an exception applies).
Please note however, that the income on the Roth Contributions may be taxable (and subject to penalties for early withdrawal) if the withdrawal is not a "qualified distribution." Immediate and Heavy Financial Need.
A Member who has made both Tax-Deferred Contributions and Roth Contributions for the applicable calendar year may designate, under procedures prescribed to the Primary Administrator, whether such excess deferrals shall be attributed first to his Tax-Deferred Contributions or his Roth Contributions.
Your Roth Contributions may be withdrawn in the same manner as your normal Elective Deferral Contributions.