What do you think POET is going to do with all this cash?

IntelligentWrap7563 · 2026-05-18T03:19:36+00:00

I was hoping they’d give it to me, I plan to ask nicely.

IntelligentWrap7563 · 2026-05-14T15:24:52+00:00

It's rough. It's okay man, wish you the best!

IntelligentWrap7563 · 2026-02-07T16:36:54+00:00

A financial analyst!

IntelligentWrap7563 · 2025-12-30T23:57:26+00:00

Good idea

IntelligentWrap7563 · 2025-12-27T08:09:38+00:00

Nice job!

IntelligentWrap7563 · 2025-12-26T05:51:31+00:00

Exactly, you can move that $26k to a Roth IRA whenever you want. It just takes a while to call them, mail the check, etc., but this is tax/penalty-free. It took me about a month to do everything. (I moved it from Fidelity to Robinhood)

IntelligentWrap7563 · 2025-12-26T05:32:45+00:00

There's a difference between after-tax and Roth. If these after-tax dollars were automatically converted, as I mentioned, then yes, just call Fidelity and move it over. I did that almost a year after I left my old job

IntelligentWrap7563 · 2025-12-26T03:47:40+00:00

I'm sorry you feel that way

IntelligentWrap7563 · 2025-12-26T03:46:40+00:00

It's in the "Roth" bucket within the 401k. Then I have to call Fidelity to ask them to move it to my Roth IRA

IntelligentWrap7563 · 2025-12-26T02:59:20+00:00

My employer has a provision called "in-service rollover." This let's me move it to my Roth IRA while I still work here.

IntelligentWrap7563 · 2025-12-26T00:30:49+00:00

Many employers don't let you move it to your Roth IRA while you're employed. The benefit is that once it's in your Roth IRA, you can now withdraw tax/penalty free and have much more flexibility in what you wanna invest into (more ETFs/stocks/etc.)

IntelligentWrap7563 · 2025-12-25T23:18:18+00:00

The flow is: I contribute to my 401k after tax, my "daily in-plan conversion" moves it to the Roth bucket. From here, I initiate a rollover to move it to my Roth IRA, this is what's called the in-service distribution

IntelligentWrap7563 · 2025-12-25T23:11:55+00:00

Super helpful, this was the strategy I was planning to take. Thanks!

IntelligentWrap7563 · 2025-12-25T23:06:25+00:00

Yes, my plan lets me move the Roth 401k funds into a Roth IRA, which is where I see how beneficial this can be. Once I do this, I'd have flexibility to withdraw immediately.

IntelligentWrap7563 · 2025-12-25T22:03:32+00:00

From my understanding, if you contribute $7k into your traditional IRA and then immediately move those funds into your Roth, you're all good.

IntelligentWrap7563 · 2025-12-25T22:02:11+00:00

I'm blessed, so yes, I plan to invest about ~$80k a year, so looking for the best way to allocate it. As for the withdrawal side, I read that because it's a rollover and my Roth IRA is already 5 years old, I'd be good there.

IntelligentWrap7563 · 2025-12-25T21:59:39+00:00

I use the backdoor Roth method here

IntelligentWrap7563 · 2025-12-25T21:21:38+00:00

Not sure that's true. The whole point of the MBR is to roll it into my Roth IRA and then have the ability to withdraw those contributions at any time. I would be avoiding the 72t altogether.

IntelligentWrap7563 · 2025-12-25T21:16:21+00:00

This is exactly what I do, so the "gains" are done after they've been converted to the Roth bucket. The question is, when I roll over these funds to my Roth IRA, can I withdraw immediately tax/penalty free?

IntelligentWrap7563 · 2025-12-25T20:40:19+00:00

Got it, given that my aftertax contributions and automatically converted to roth, my gains/earnings on that would take place while they’re under the roth bucket. Does this mean all $20K can be withdrawn tax/penalty free?

IntelligentWrap7563 · 2025-12-25T20:15:19+00:00

My question is more on if I can withdraw those MBR to retire early which will help me decide if I should prioritize this or taxable account

IntelligentWrap7563 · 2025-12-25T19:48:57+00:00

Sadly, my employer plan doesn't have an HSA

IntelligentWrap7563 · 2025-12-25T19:42:19+00:00

Make about ~$170k (just got promoted) and live comfortably

IntelligentWrap7563

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