Rolling Over Roth 401k into Roth IRA

If you have a Roth 401k and a Roth IRA, you can roll over the money from the 401k into your IRA without converting it. This means you don't have to pay taxes on it. Even if your 401k has only been open for a short time, it will qualify for the five year rule if you roll it over into your IRA. You still have to be 59 and a half years old to take out the money without a penalty, but you can withdraw your original contributions without any taxes. Just remember, you may still have to pay taxes on the earnings in the IRA until you reach the age of 59 and a half.