Questions tagged [rollover]
For questions relating to rollovers of 401K's, IRA's, HSA's, etc.
199
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IRS IRC 403(b) type pension annuity plan - Roll Over monthly payments to IRA - how can it be done and best practices
Thanks to Daniel G. posted a similar question which the answer was clear but I need the next steps on how to rollover the monthly pension payments into an IRA. My plan allows both direct and indirect ...
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In Service 401(k) Rollover
The IRS seems to allow one 401(K) rollover to IRA per 12 month period BUT does anyone reading this have a good feel for what percentage of 401(k) plan administrators allow "In Service" 401(k)...
2
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1
answer
483
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Reverse rollover IRA and rule of 55
I'm looking to retire after 55+. Due to job changes through the years, I've rolled over previous 401K's to a traditional IRA. I want to avoid early withdrawal penalties and take advantage of the &...
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108
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Pro-rata rule and after-tax only Rollover IRA
What-if question.... I have a rollover IRA account that accumulated pre-tax balances from old 401Ks. At the same time I never contributed after-tax money to a traditional IRA.
Would it be beneficial ...
- 103
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67
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Is an accumulation of 100 deferred monthly pension payments, all paid together in one check, eligible for tax-free rollover to an IRA?
A relative born in 1951 asked me to figure out if an unusual one-time payment from a pension plan is eligible for a tax-free rollover to her IRA. It’s not a typical “lump sum” payment, but an ...
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2
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3k
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Move money from former employer's 401k to Roth IRA and Rollover IRA
I am no longer at my former employer but I have an existing 401k plan with Vanguard through them.
30% of the contributions were pre-tax. (traditional 401k)
70% of the contributions were post-tax. (...
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2
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1
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355
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Employer has been acquired. Rollover 401(k) before plan changes?
I currently have a 401(k) plan from my employer at Institution A. I also have a rollover IRA at Institution A (with funds from prior employers' plans).
My employer has been acquired, and have ...
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Is this a viable strategy for avoiding the pro-rata rule for backdoor Roth while maintaining the superior investment options in my non-Roth IRA?
Assume that my 401(k) supports both reverse rollover from IRA and in-service rollover to an IRA. I am doing a backdoor Roth, and want to avoid the pro-rata rule. The general way to do this is to ...
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2
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820
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Advice on 401k rollover to IRA
Basic question probably. I m looking for advice on rolling over a portion of amount in my 401k to an IRA.
My needs are: a) to eliminate tax on withdrawal from IRA
b) Have flexibility of withdrawal ...
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118
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Why is there no double rollover interest for forex trades carried overnight on Thursdays?
Why is there no double rollover interest for forex trades carried overnight on Thursdays? I have been looking everywhere to find an answer to this question, and finding absolutely nothing. I'd ...
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What are the pros and cons of using an IRA distribution as a bridge loan when selling and buying a house?
I'm planning to move to a different region in the US on a tight schedule. I have enough equity in my current primary residence to pay for a down payment on a new home, but since I'm on a tight ...
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Pension Rollover Problem
A friend of mine had a deadline of 2/17 to make a decision about the distribution of her pension that needed to be rolled over. She missed the deadline. Fidelity automatically chose one for her and ...
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2
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599
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Can I regularly direct funds to a different retirement account?
I don't like my company's retirement plan sponsor. I feel their array of investment options are quite poor (poor because they don't have many options, their expense fees are high, and they don't offer ...
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Can I move monthly pension distributions into a traditional IRA?
As a former public school teacher, my wife gets a monthly check from the state Division of Pensions and Benefits. Is it possible to move that money each month into her Traditional IRA and consider it ...
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148
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What are the reasons to avoid rolling over IRA into 401k plans?
Are there reasons for and against doing this?
For
I can only think of having more options for what securities to buy in IRAs since 401k options are limited.
Against
The only reason to do the IRA ...
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148
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Is there a penalty for rolling a 401(k) into new employer while the markets are down?
I have a 401(k) account with my old employer which I have not rolled over yet to my new employer. As I am no longer contributing to the old account or employed by them, I am wondering if there any ...
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How to rollover Solo Roth 401k to Roth IRA
I have a Solo 401k at TD Ameritrade for retirement investing of side-hustle income. This plan comprises two accounts: a traditional (pre-tax) Solo 401k and a Roth Solo 401k. TD recently announced it ...
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If it is a margin call but I am lucky to buy back in IRA, is it considered a "wash sale"?
Due to the stock market going down, I got a margin call, and may be forced to sell a few thousand dollar worth of stocks.
However, I am lucky enough because I ended an employment with an agency, and ...
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Is there a downside to doing multiple Roth IRA conversions?
I have been doing both backdoor Roth IRA conversion and also the mega backdoor Roth IRA conversion.
There's some ambiguity about whether congress is going to disallow these.
Every paycheck I ...
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1
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Can I roll over my Roth IRA into 401(k), and should I?
I have an Roth IRA through Wealthfront that I opened several years ago. I also have a company 401(k) through Fidelity NetBenefits.
Since the Roth IRA is a personal account (no employer match, no ...
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3
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507
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Rollover Roth 401(k) when not eligible for Roth IRA
I recently changed jobs and am in the process of rolling over my 401(k) to my standard brokerage account where I have a number of rollover IRAs. This time, however, I have both a 401(k) to ...
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1
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163
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IRA rollover to meet minimum income for ACA subsidy
Can I use a rollover from a traditional to Roth IRA to meet the minimum income necessary to qualify for ACA subsidies in 2022? I do not qualify for Medicaid, and am buying insurance for a family of ...
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208
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What can be withdrawn from a Roth IRA without penalty before 59 1/2?
I know that contributions (dollar amount equal to what was directly contributed to the Roth IRA) can be withdrawn tax-free and penalty-free at any time, and that earnings on those contributions will ...
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381
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Can I withdraw my contributions from a Roth IRA early without penalty even if they were rolled over from a Roth401k?
I understand that both Roth 401k and Roth IRA accounts allow withdrawing contributions prior to age 59/12 without penalties.
But today I heard someone say that I should NOT roll over my Roth 401k to a ...
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1
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195
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Is it possible to to rollover 401K into an IRA account multiple times with different employers?
Say I am employed with company 'A' with whom I have a 401K account. Now, while switching jobs, I decide not to carry forward this 401K to the next employer but instead rollover this 401K I had with ...
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Net Unrealized Appreciation (NUA) on Rollover scenario
Finding this as maybe the closest match, to the scenario, I also find that this and this strongly suggest that NUA rules only apply to Employer stock purchases. In other words, if I work for Acme, ...
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1
answer
82
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Rolling Traditional 401k Over then making Roth Contributions
I have a Traditional 401k that I want to rollover into my new 401k which I haven't made any contributions to yet. Can I roll my traditional 401k over to my new 401k, then make Roth contributions to my ...
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What options, if any, exist for a penalty-free transfer/rollover of a TIAA 403(b)?
My previous employer was a university with a TIAA 403b. Now that it's been over a year since I left, I am interested in transferring some or all of those funds to Vanguard, with whom I've had a Roth ...
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A Complicated Question regarding Roth IRA and backdoor
So here is the scenario.
I have 600K in 401K Rollover Traditional IRA (Pre-Tax)
I have 30K in Roth IRA
I want to contribute to Roth IRA but my income is too high. If I take part of money every year ($...
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526
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Can rolling over a Defined Contribution Plan to a Roth IRA make investment earnings tax-free while avoiding Roth contribution limits?
My employer offers a Defined Contribution Plan (DCP) where I can contribute after-tax earnings. Investment earnings grow tax-deferred. There is an option to roll over DCP (after-tax) contributions to ...
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159
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Converting Portion of 401K Rollover Traditional IRA to Roth IRA
I have a 401K (Pre Tax) plan rollover to a personal Traditional IRA. I also have a Roth IRA account. Currently, I do not contribute to the 401K plan, since it was from a previous employer. I do ...
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Can you fund your Traditional IRA after rolling it over to Roth IRA?
The Traditional IRA has a $6,000 limit per year. If I
Step1: Transfer 6k to Traditional IRA
Step2: Roll over entire 6k to Roth IRA
Can I transfer additional 6k to Traditional IRA because Traditional ...
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1
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154
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Return of excess 401k contributions after rollover to IRA
Suppose the following:
Contribute $50,000 to pre-tax 401k
401k grows by 5%
401k is rolled over to traditional IRA
What is the proper course of action to return the excess 401k contribution? What ...
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627
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What happens to investments inside a 401(k) when rolling it over?
Suppose a 401(k) contains mutual fund investments and is linked to a brokerage account holding various stocks, ETFs, mutual funds, etc.
What happens to those investments should the 401(k) be rolled ...
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2
answers
202
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Will rolling over my 401K into a traditional IRA have any tax consequences if modified adjusted gross income (MAGI) is above the IRS income limits?
I currently have a 401K account from my employer. I have had this account for the past 4 years. I wish to have better control over my investments made in this retirement account, so I am considering ...
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0
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What are the rules regarding early withdrawal of contributions from a Roth IRA after a rollover from a solo Roth 401(k)?
Plan
Open a solo Roth 401(k) (I'm self-employed) and contribute roughly $50,000 during the first year
Wait some amount of time, if necessary?
Rollover the Roth 401(k) into my existing Roth IRA
...
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2
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1
answer
96
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Are there IRS limits for 401k to Roth IRA rollovers?
I am 61 years old and I have two 401k plans from former employers. I want to roll over these 401k plans into a single Roth IRA account over a period of time in several intervals. I would like to know ...
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2
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126
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Tax treatment of earnings when making a in-service rollover from After-Tax 401k to Roth IRA
My employer offers three categories under 401k:
Traditional
Roth
After-Tax
The Traditional and Roth are well-known and like the Traditional and Roth IRA. The sum of contributions to these are capped ...
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1
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182
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Rolling over funds from a traditional IRA into an Individual 401(k) to avoid the pro-rata rule
I expect that in 2022, my income will exceed the deduction limits for a traditional IRA, so any contributions I make to it will be non-deductible. My understanding is that once I make a non-deductible ...
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What tax documents do I need to prove 529 rollover?
I rolled over 529 from one institution to another. The distributing institution issued a 1099-Q. I need a matching document showing that I contributed the funds to the new institution. Does this form ...
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3
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339
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Is a backdoor ROTH IRA contribution still worth it if I have pre-tax IRAs that I can't rollover to a 401k yet?
Starting this year, I can no longer contribute to my ROTH IRA. I have three other IRAs:
A rollover IRA (pre-tax), opened in 2020 when I rolled over an old 401k.
A SIMPLE IRA (pre-tax), opened in 2020 ...
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Is it possible with CFDs to operate with 100% margin, so as to avoid overnight charges for a position left open overnight? [duplicate]
I have searched but have not been able to find one
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64
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Contribution to rollover IRA in 2020
I am retired and rolled over my 401(k). My husband has earned income for 2020. And he has retirement plan in his work. We already contributed $7000 each to Roth IRA.
Can I contribute another $7000 to ...
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3
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354
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Can I rollover Roth/Traditional 401k into a Roth IRA?
My previous employer offered both a Roth and a Traditional 401k (unclear to me if these are technically separate accounts... as far as I was functionally aware, I had one 401k account, which could ...
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2
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117
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can I move a rollover IRA account with bought stocks, mutual funds from one company to another?
Somebody told me I can move my rollover IRA account from one financial company to another. I am wondering can I do this with existing investments? I have bought some stocks and mutual funds in my ...
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193
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What are the upsides of rolling over a Roth 401(k) to a Roth IRA?
Some employer's retirement allows to roll-over Roth 401(k) to a Roth IRA, otherwise this can be done when leaving one's job.
Roth IRA has at least 3 upsides compared to Roth 401(k):
There are no ...
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1
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66
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Error in 401K rollover to new platform. Same employer
My Company changed their 401K platform due to a partner split. Prior to this change I took out my portion and rolled it into an IRA. Two months later when they rolled all other employees amounts over ...
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2
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100
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What incentives are there to move IRA money into a 401k?
I have both a traditional 401k with my employer and a traditional IRA I opened a few years ago. I opened the IRA since I didn't yet realize you could submit after-tax dollars to a 401k.
Is there an ...
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118
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TIAA-CREF mailed me check -- how do I roll this over into a Vanguard IRA?
I had $500 sitting in a TIAA-CREF account from over a decade ago. They liquidated all their older assets under $5K and mailed me a check for $400, deducting 20% for federal income tax.
Can I roll this ...
- 141
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2
answers
150
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Does a rollover from RMD to Roth get taxed twice?
I am 79 years old, and this year might roll over money from a traditional IRA into a Roth account.
I have not done this before. Will I get taxed twice on the money, once for taking it out of the ...
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