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Chris W. Rea
Chris W. Rea
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I plan to join a new company that doesn't currently offer a 401k and I have funds in my old employersemployer's 401k. I was thinking I would move the funds to something like Betterment who would do a 401k to Traditional IRA conversion. 

My question is, once it is there, if I have the opportunity to move it into a 401k in the future, am I allowed? Will I get penalized? I don't want to get it locked into the Traditional IRA, but I also don't want my funds to sit in the old 401k. Is there an alternative?

I plan to join a new company that doesn't currently offer a 401k and I have funds in my old employers 401k. I was thinking I would move the funds to something like Betterment who would do a 401k to Traditional IRA conversion. My question is, once it is there, if I have the opportunity to move it into a 401k in the future, am I allowed? Will I get penalized? I don't want to get it locked into the Traditional IRA, but I also don't want my funds to sit in the old 401k. Is there an alternative?

I plan to join a new company that doesn't currently offer a 401k and I have funds in my old employer's 401k. I was thinking I would move the funds to something like Betterment who would do a 401k to Traditional IRA conversion. 

My question is, once it is there, if I have the opportunity to move it into a 401k in the future, am I allowed? Will I get penalized? I don't want to get it locked into the Traditional IRA, but I also don't want my funds to sit in the old 401k. Is there an alternative?

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AdamV
AdamV
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After moving a 401k to a Traditional IRA, can I move it back out to another 401k?

I plan to join a new company that doesn't currently offer a 401k and I have funds in my old employers 401k. I was thinking I would move the funds to something like Betterment who would do a 401k to Traditional IRA conversion. My question is, once it is there, if I have the opportunity to move it into a 401k in the future, am I allowed? Will I get penalized? I don't want to get it locked into the Traditional IRA, but I also don't want my funds to sit in the old 401k. Is there an alternative?