For questions relating to rollovers of 401K's, IRA's, HSA's, etc.

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3
votes
1answer
80 views

Is it possible to transfer a 401(a) from one brokerage to another?

I created a rollover IRA at Schwab, and am trying to transfer the account, but it seems a bit more difficult than I thought. When I create a rollover IRA from Schwab, and try to transfer the Fidelity ...
5
votes
1answer
171 views

Old 401k investment choices: Cash it out, move it elsewhere?

I started investing in 401K pretty late (around 28) at my previous employer. That account has about $1,500 in it. I want to take it out of there and use it to invest in Vanguard funds. I already have ...
0
votes
1answer
64 views

Do 414(h) rollovers need to be included on form 1040 Line 16?

Upon leaving a teacher position, we rolled over 414(h) contributions to an IRA. The money was sent directly to the IRA and no taxes are due. My question is does the transaction need to be reported on ...
3
votes
2answers
63 views

Already made contributions to a Rollover IRA in 2013, but exceeded the income limit to deduct. What to do?

I switched jobs in February of 2013 and rolled over my 401(k) to a Rollover IRA, which as I understand it, is equivalent to a Traditional IRA. Over 2013, I contributed $4125 to the Rollover IRA and ...
3
votes
1answer
70 views

Roth IRA contributions and Roth 401(k) rollover

My (potentially flawed) understanding of Roth IRAs is that you can take out contributions at any time without penalty. So if you put $5,000 in and it doubles in a year to $10,000, then you sell some ...
7
votes
1answer
308 views

Why would I not rollover my 401k into an IRA when permitted?

Currently in the US there are circumstances which allow you to rollover your existing 401K into an IRA, such as when you change employers. You may also keep it in the existing employer's plan or roll ...
4
votes
2answers
210 views

Can I rollover my traditional IRA $ to another IRA in my spouse's name?

I'd like to cash out the securities in one traditional IRA in my name and transfer/roll over to a different mega-brokerage traditional IRA account owned by my wife. Is that do-able? My purpose is ...
7
votes
1answer
354 views

Rolling over a mixed 401k (Traditional and Roth) to a Roth IRA

I am rolling over my old 401k to a new Roth IRA. My 401k contained my pre-tax contributions, post-tax contributions, employer match, and employer profit sharing. I am guessing my employer match and ...
3
votes
2answers
330 views

Former company acquired. Do I have to move my 401K investments, or can I leave them?

A broker called me to discuss my 401K investments that were made while I worked at a company that was recently acquired by another. The discussion is about rolling those investments from where they ...
2
votes
1answer
259 views

What are the time limits on a 401k direct rollover?

Is there a time limit from the date you request a direct rollover from your 401k until your former employer completes the transaction? When does the 60 day rollover clock for the IRS begin?
5
votes
3answers
176 views

If I expect to have little earned income in a few years, should I prefer a traditional IRA to a Roth IRA now?

I'm currently in the 25% tax bracket, with a salary of $71K; I max out my contributions to a Roth IRA and contribute to a Roth 401(k) past my employer's match. I'm also planning to attend grad school ...
1
vote
2answers
486 views

How are employer matched contributions handled in rollover from Roth 401k to Roth IRA?

I recently asked this question: Can I do a Roth 401k rollover to Roth IRA and withdraw contributions I've made this year? In there, one of the answers pointed out that employer 401k contributions ...
3
votes
2answers
114 views

Former company didn't yet process my 401k rollover. What is considered timely, and are they obliged to process it?

I left my former company 3 years ago and I left my 401k under the management of their 401k company. Now I want to roll it over. I sent a certified letter to them last week, and they got it. Then I ...
9
votes
3answers
680 views

Why would you not want to rollover a previous employer's 401(k) when changing jobs?

Are there any valid reasons to not rollover a former 401(k) when changing jobs? I have several little ones that I never quite got around to rolling together - with an upcoming job change, should they ...
2
votes
1answer
125 views

Will I face complications when rolling my Roth 401K into a Roth IRA when I become a grad student?

I'm planning to leave my current employer in four years and attend grad school for several years, and I'm unsure what I should do with the funds in my Roth 401K. Based on my current salary and my ...
4
votes
1answer
174 views

Can I rollover some of my Roth 401(k) into my Roth IRA even if I'm still employed?

My 401(k) plan, to which I make after-tax contributions, has excellent choices for index funds. I have a plan to get Admiral shares of Vanguard Total US Stock Market (ER of 0.06%), then use the bond ...
2
votes
1answer
58 views

Rollover IRA: Open with my broker, with my bank, or other? How do I go about evaluating?

I've read a few posts here and here to educate me on the pros/cons for the type of IRA. I currently have a bank account with a major bank and a brokerage account with a major brokerage company. How ...
8
votes
1answer
2k views

Should I use a Roth 401K rather than 529 to save for children's college?

First some background: I'm a new parent and I live in Nevada, a state with no state income tax. I'm 26 and my wife is 29. She's finishing her PhD (to hopefully become a professor) and I'm an ...
4
votes
1answer
149 views

Is it a bad idea to have both pre-tax and Roth money in a 401k?

From reading this article, it seems extremely hard to "separate" the pre-tax and the Roth parts of 401(k)s -- you must always move them together. But moving them together is often not efficient; e.g. ...
3
votes
1answer
184 views

Former 401(k) plan closed and check mailed to me. Can I roll over this money and avoid paying tax?

My former employer's 401(k) plan has been terminated and I was mailed a distribution check with 20% tax withheld. However, I wanted to move my money into my current employer's 401(k) and not pay tax. ...
5
votes
1answer
587 views

Moving current employer 401k balance into self-directed solo 401k?

Let's say my employer offers a 401k. In general, this means I can only pick from a basket of funds to invest in. I prefer self directing my investments, and my broker offers a no-fee solo 401k. I ...
2
votes
1answer
99 views

Does a rollover IRA impact your basis for converting a traditional to Roth?

In the United States, does having a rollover IRA impact your basis for converting a traditional to Roth? I ask because I have a 401(k) with a former employer than I could rollover to an IRA and get ...
2
votes
3answers
421 views

Any reason to keep IRAs separate?

Whenever I have rolled over a 401k from a previous employer, I have used a separate IRA for each rollover. Now, I would like to consolidate all these different accounts into one single account for the ...
7
votes
4answers
257 views

Multiple 401K accounts

I had a 401K with a previous employer. When I left, I rolled the account over to ShareBuilder and it's been sitting there ever since. I am not making any contributions to this account. In the last ...
2
votes
2answers
1k views

Can I rollover an “individual retirement annuity” to an IRA?

A few years ago, my wife inherited the assets from some sort of retirement account from a deceased relative. At the time, we were less investment-literate than today, so with the aid of a financial ...
6
votes
2answers
1k views

When leaving job, is there a time limit to rollover a 401k into a Roth IRA?

My wife is leaving her job in the next month and going to a new one. She currently has a 401k that we would like to rollover into a Roth IRA ASAP. However we might be moving in a few months and ...
1
vote
1answer
244 views

Proper way to report Simple IRA to Rollover IRA transfer

I have two IRAs: a Simple IRA (for more than two years), which I contribute to every month, and a Rollover IRA, which I use for automated trading. I had the Simple IRA broker do a trustee-to-trustee ...
6
votes
2answers
175 views

When can I roll over a HSA?

I have a health savings account with a high-deductible health plan. Because my employer pays less for the plan than for other insurance options, they are willing to contribute money to my HSA account ...
7
votes
3answers
1k views

Best to roll over a 401k into a Roth IRA or traditional IRA?

I am rolling a 401k from a former employer to an IRA or Roth. I am trying to figure out the tax consequences of doing so. My understanding is, is that my contributions to the 401k were not taxed going ...
4
votes
2answers
103 views

Can I convert my traditional IRA to a Roth IRA in 2011?

Going forward, I'm putting all my retirement savings that goes above my employer 401k match into a Roth IRA. I have a traditional IRA that I opened many years ago and has sat untouched for quite a ...
4
votes
2answers
649 views

Can I roll my non-qualified variable annuity into a tradional IRA?

I have a variable annuity that I invested $80,000 into 10 years ago. Performance has been horrible and I'm down to $72,000. I am 38 and want to put into a traditional IRA. Are there tax consequences ...
6
votes
2answers
907 views

How do I track 401k rollovers in Quicken?

I recently rolled over an old 401k to an existing Rollover IRA I have. I'm not sure how to enter this into Quicken though. I tried a few ways with the following results: Sell the stock in the 401k ...
8
votes
1answer
1k views

My company is changing 401k plan providers. Can I rollover to an IRA during the transition?

My question is similar to this one, but slightly different: Can I roll over a 401k with my current employer into an IRA? According to that question above, it's not possible for somebody my age (28) ...
9
votes
2answers
85 views

Can I roll over 401(k) contributions that were made prematurely (by mistake)?

The company I work for told me yesterday that they need to refund my 2010 401K contributions because they recently discovered during an audit that they enrolled me into their plan prematurely since I ...
5
votes
2answers
97 views

Can Roth conversion taxes be reduced by moving rollover IRA back to 401k?

I have two traditional IRAs: a rollover from a past 401k, with no basis (all pretax contributions) an IRA with only after-tax contributions, with high basis If I do a Roth conversion, as far as I ...
5
votes
1answer
601 views

Can excess 401K contributions returned with 1099-R be rolled over to a Traditional IRA?

I received a check in March 2011 along with a 2011 1099-R for excess 401K contribution made in Tax year 2010. I am a high-compensated employee, the excess was due to company 401k matching which was ...
6
votes
2answers
859 views

401k Rollover - on my own or through my financial advisor?

I recently changed jobs and have a sizable sum in my old employer's 401k plan. It's doing fine but there are quite a few fees and I would prefer to roll it over. I'm considering two options. First, ...
4
votes
2answers
340 views

Rolled over husband's 401(k) to IRA after his death. Can I deduct a loss since?

When I rolled over my husband's 401(k) into an IRA after his death, the beginning balance was 100,000.00 and now the balance is around 10,000.00 If I sell the IRA, can I deduct the loss on my taxes?
3
votes
3answers
2k views

Can 401(a) “FICA Alternative” plan be rolled over into Roth IRA?

My employer uses a 401(a) plan, or "FICA Alternative" to Social Security. Every quarter I get a statement of my balance, which has grown quite a bit. I'm wondering, can this 401(a) balance ever be ...
6
votes
2answers
364 views

401(k) administration fees vs Rollover IRA fees?

I'm evaluating rolling over my old 401(k) into a self-administered IRA. I know the general costs and benefits (mostly benefits, in terms of increased flexibility, as stated here), but I'd like to see ...
2
votes
2answers
354 views

At retirement age, can I roll my IRA variable annuity into a bank IRA?

I have reached retirement age and have a variable annuity with Hartford. I would like to get out of the annuity and roll over into a bank account IRA. I have held the product for 12 years and there ...
3
votes
2answers
366 views

Is there a difference between conversion of a traditonal IRA to a Roth IRA vs opening a Roth and transferring the money from a traditional IRA?

Is converting a traditional IRA to a Roth IRA the same as opening a Roth IRA account and rolling over the money from the traditional IRA? Are they different in any way?
8
votes
3answers
3k views

What is the difference between a Rollover IRA and a Roth IRA?

Previous Question. I have decided to roll my 401(k) into a Roth IRA. I use ThinkOrSwim as my broker currently, so I plan on opening an IRA with them. When opening the account I'm presented with the ...
8
votes
1answer
443 views

Should I rollover my 401(k) into a Roth IRA in 2010, or wait until 2011?

After asking my previous question and reading about the different options available, I'm looking at rolling it over to a Roth IRA to avoid paying the taxes at retirement. Is it better to do this in ...
15
votes
3answers
492 views

Quit my job: What can/should I do with funds in previous employer's 401(k) plan?

I recently changed jobs, and my previous employer offered a 401k. I know I can roll that money into an IRA. Before I do anything, I would like to understand what options I have, and which option is ...
2
votes
2answers
126 views

Rules and tax impact of rolling over my work 401(k) to a self-employed 401(k)?

Title pretty much says it all. I am trying to do some work on the side and I wanted to put my current job's 401k money (which 95% of it was rolled over from a previous 401k) into my on 401k that I ...
12
votes
2answers
497 views

Do Roth IRA contribution limits apply to Rollover IRAs?

My wife has already maxed out a Roth IRA for 2010. She just quit her job, and has a 401k from her former employer. Would I be able to roll it into a new Roth IRA even though she has already ...
10
votes
2answers
2k views

Can I roll over a 401k with my current employer into an IRA?

My wife has a 401k with her employer that she has been contributing to for years. They recently switched administrators for the 401k, and the new outfit is simply terrible - bad fund choices and ...
9
votes
5answers
4k views

Combining 401k's from different past employers?

I have multiple 401k's from past employers. I know I can roll each of these over into new IRA accounts at my brokerage, but do the 401K rules allow me to combine these 401K's into one IRA account? ...