For questions relating to rollovers of 401K's, IRA's, HSA's, etc.
9
votes
3answers
350 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
68 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 ...
3
votes
1answer
46 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
36 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
378 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
123 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
143 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
246 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
64 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
225 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
228 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
430 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 ...
5
votes
2answers
801 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
139 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 ...
5
votes
1answer
120 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
765 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
95 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
313 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
664 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 ...
5
votes
1answer
762 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
81 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 ...
4
votes
2answers
76 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
512 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
603 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
288 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
1k 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 ...
5
votes
2answers
331 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
264 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
321 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
2k 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
438 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
460 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
120 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 ...
11
votes
2answers
335 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
1k 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
3k 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? ...
