rolling over roth 401k
OK, Kevin or other accountants,
So setting up my company and wanting to rollover my current employer's roth 401k to my own roth IRA, they are telling me I can not submit a rollover until I have terminated employment. I have had the account since 2012 so I have met the 5 year "freeeze" on the funds. My accountant says I can withdrawl the contribution funds with out penalty, but the company paperwork says ther is a 10% penalty plus tax implications. Can I rollover the roth 401k from my employer to a individual roth 401K with the loan option? I figure the best terms other than cash to purchase the truck is to loan the money to my self.
Is this a worthwhile discussion?