The move from investing in a Roth IRA to having an employer-provided 401K is the only move that I can find information on. For the past fifteen years or so I've managed a Roth IRA for myself (and for the past five years for my spouse). Recently I finished grad school and in August I start at an employer that offers a 401K with a good match, so I'll use that instead. My spouse will become a freelancer.
Where can I find out more about this transition from Roth IRA to 401K? My fears are the following.
- paying a penalty for what we've contributed so far this year (depending on her salary the second half of the year we could be over the Roth IRA limit)
- paying a penalty for contributing to both a Roth IRA and 401K in the same year
Is there a good reference about this transition?