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June 29th, 2021
Information & Insights for the 403(b) Community
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Ask the Experts
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Does the 10% Premature Distribution Penalty Apply to Roth Conversions?
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“Our 403(b) plan allows for both Roth contributions AND Roth conversions. We have an active employee who is 30 years old who wishes to make a Roth conversion. She realizes that she is subject to ordinary income tax on the amount of the conversion, but she wanted to know if the 10% premature distribution penalty applies to the conversion. What say the Experts?”
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