My 401K account includes "after tax dollars". It is my understanding that if I move my 401K to an IRA account, the "after tax dollars" become taxable and cannot be moved into the IRA. I would need to include the "after tax dollars" in my income for the year in which I take it. Is this true? Seems it would best to leave the 401k alone and not move it to an IRA account so the "after tax" contributions can continue to grow tax free. I have found little on "after tax dollars" on the boards. One article mentioned that it might be better once the maximum amount for the year was contributed to one's 401K to invest outside the 401K. However, I've found no mention of how to handle after tax dollars that were put in 401Ks. Any thoughts?
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