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Questions tagged [rollover]

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

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149 views

Roth IRA Rollover Transferred Twice?

Last week, I initiated a Roth IRA rollover from Brokerage A to Brokerage B. On Friday, the check from Brokerage A was cashed in by Brokerage B, and the funds became available at Brokerage B as of this ...
2
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3answers
74 views

In-kind transfer for a traditional 401(k) to IRA rollover

I'm rolling over a 401(k) that is holding only VIVLX, a Vanguard target date fund, to a brokerage. It's not proprietary but it is the institutional class of the fund, so my brokerage minimum for ...
1
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1answer
89 views

What is “IRS compliance testing” for terminated 401k plans?

I have a 401k through a previous employer. That employer recently ceased operations, and as part of that, terminated their 401k plan. As such, the employer directed myself and other employees to fill ...
2
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2answers
87 views

Is a distribution triggered by writing a check from one IRA account to another

Is a distribution triggered by writing a check from one IRA account to another IRA account? I have checks for a traditional IRA account at bank-A. I opened another traditional IRA account at bank-B ...
1
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2answers
228 views

Locked out of my IRA due to incorrect date of birth on account

I had a 401k plan with a company that I left several years ago and since went out of business and so their 401k plan was rolled over into a generic IRA plan. I want to roll the IRA over into the 401k ...
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3answers
125 views

Is it possible to roll a Roth IRA into a traditional IRA?

I no longer meet the requirements to deposit into my Roth IRA. There's not a huge amount of money in it. Rather than have this relatively small account laying around, requiring periodic monitoring ...
5
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2answers
185 views

401(k) seems to be in 'limbo'?

I have worked for a large multinational in the US for many years and whilst working with them, I have built up a sum of money in a 401(k) with Fidelity. However, about 2 years ago, my division within ...
0
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1answer
60 views

Rollover different from distribution

Can your rollover deposit be different than what you took out? To keep the numbers simple, say I withdrew $25k from a Roth IRA and then at the end of the 60 days deposited back into the account $20k....
0
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1answer
119 views

IRA Rollover Past 60 Days Because of Bank Mistake

I took out a 60 day rollover for a Roth IRA. About 50 days in I went into the bank and asked them to deposit the money back into the account. The bank ended up depositing the funds into the wrong ...
3
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1answer
91 views

What are the limitations on rollovers to an IRA?

My friend wants to consolidate his various retirement account accumulated over the past 20-30 years to make it easier to manage/track his retirement savings. He doesn't recall immediately all the ...
1
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1answer
56 views

What is a roll-over to a Roth account?

I don't qualify for contributing directly to Roth accounts. I keep hearing about roll-overs but I don't understand how roll-overs interact with my current accounts. Do I pay taxes on my money (or ...
4
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1answer
58 views

401k Rollover with TSP

I have been researching what do with a an old 401k and there is a lot of information on the pros and cons of rolling it over into a new 401k plan versus an IRA. I also have a TSP account with a small ...
1
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3answers
111 views

Are most 401k providers comparable? [duplicate]

I will be needing to decide if I should roll my 401k from a previous job into the 401k at my current job. Are some companies which the employer has a 401k through much less appealing than others, or ...
0
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0answers
37 views

What are the upsides and downsides of doing an HSA rollover contribution vs. an HSA trustee-to-trustee transfer in the United States?

In the United States, what are the upsides and downsides of doing an HSA rollover contribution vs. an HSA trustee-to-trustee transfer? I am aware that: one cannot do more than one HSA Rollover ...
3
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1answer
367 views

My 401k failed the nondiscrimination test — how to avoid taxable distribution?

As in this question, and this question, my ex-company's 401(k) failed the nondiscrimination test. I've recently received a letter from the company's HR to the effect that I will receive a corrective ...
1
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1answer
83 views

Old Employers 401k Automatically Rolled to IRA?

I switched jobs about 7 months ago and am afraid I put the rollover steps off for too long. I checked my old employers 401k website to see that my 401k account now shows $0.00, and does not show the ...
1
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1answer
76 views

I have a traditional IRA. Can I rollover my 401k into that account or do I need to make a new rollover-traditional-ira?

Basically that. I have a traditional IRA and have been contributing 5500 a year. I need to rollover a couple 401ks from previous jobs, can I move them to the same account? Or do I need to open a ...
0
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1answer
73 views

Is there a tax penalty for rollover from Thrift Savings Plan(TSP) to 457(b)?

I have non-roth funds in the TSP and have separated from the military. I'd like to move this to a public employee sponsered 457(b) so I can begin contributing again. Are there any IRS tax penalties (...
4
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0answers
135 views

IRA rolled over mistakenly to 401k

In a previous tax year I rolled over some money from a former employer's traditional IRA (TD Ameritrade) to a non-Roth 401k plan (Milliman). I didn't report this on my federal tax return at all ...
2
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2answers
141 views

How can I roll-over a 401(k) to a different person?

I have a friend who wants to roll-over their 401(k) after recently leaving their employer to an IRA or 529 plan for her grandkids (in their name, or their parents' name) instead of into an IRA in her ...
6
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1answer
335 views

Prevented from Rolling Over 401k Due to Company Audit - Legal?

A few months back, the startup my wife works for was bought out by a big company. Everyone was thrilled, of course, and it was a great moment for the whole team. Soon after the logistics of the ...
2
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1answer
103 views

Help me understand this sentence on a 401(k) distribution / rollover form

In February I changed jobs. My former job provided a 401(k), and my new job also provides a 401(k). I am filling out the forms to do a direct rollover from one to the other, for the full amount. The ...
17
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8answers
6k views

I have $3500 in Rollover IRA. Should I withdraw it early and pay off my credit card debt?

I have been investing a healthy amount in my current 401k with no plan to withdraw it early. I have $3,500 in a rollover IRA which has been sitting in there for about 4 years and I have done nothing ...
-2
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1answer
100 views

What's the rationale behind the IRA One-Rollover-Per-Year Rule?

What's the rationale behind the IRA One-Rollover-Per-Year Rule (mirror) in the United States, which was introduced in 2015? I cannot think of any reason to limit the number of IRA rollovers to a ...
0
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1answer
124 views

What to do with my previous jobs' 401ks? Advice for someone in his 20's [duplicate]

I'm 26 and became self-employed. I have been wondering what to do with my previous 401ks. Any help is appreciated. Currently I have: -$3.5k in a 401k (Ubiquity) from the company I just stopped ...
4
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2answers
175 views

401K Withdrawal for a home purchase , Reverse Rollover possible?

I know it's not the best plan. I don't have many choices. Due to a buyer's contract falling through I am not able to carry equity over for a 20% down payment on our new home. In order to complete the ...
0
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1answer
62 views

Backdoor Roth Conversions with 401K Rollovers

In a related question to this one, I currently participate in backdoor Roth conversions (i.e., I contribute $5,500 annually to a Traditional IRA, then convert it to my Roth IRA prior to investing it ...
2
votes
1answer
252 views

Is it advisable to rollover multiple 401k accounts? [duplicate]

I left my fulltime job mid 2017. I am not earning since then (no pay roll being generated). Since many years I have changed many jobs. Each job had a 401k plan which I maxed out every year. So I have ...
0
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1answer
342 views

If I rollover a 401(k) to Roth IRA can I make investments and still withdraw them?

I am a grad student in the US. As an undergrad I managed to save about $20,000, I have no debt, and I have a 401(k) with about $12,000 to which I am no longer making contributions. I am breaking even ...
6
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2answers
133 views

What to do when institution incorrectly reports 401(k) to IRA rollover as a contribution?

I left a job last fall and rolled over the money from my 401(k) into an IRA I have at my bank, via a check from the 401(k) provider made out to my bank, FBO me. A few weeks ago I got a semi-annual ...
5
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1answer
113 views

401K Rollover for small amount

Earlier in the year (07/03/217) I closed out an "old" employer sponsored 401K by rolling over to an existing personal Rollover IRA ($12,619.90). Now, on 12/07/2017, there was a "contribution" (or ...
1
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1answer
51 views

Can I rollover a traditional IRA into a self-employed 401k if the self-employed business had no income this year?

I have a self-employed 401k, and I want to rollover a traditional IRA into it. My self-employed business has no income this year, and I'm wondering if the rollover is allowed without tax penalties.
3
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1answer
79 views

Is an account transfer fee paid for transferring a Roth 401(k) to a Roth IRA tax-deductible?

I rolled over a Roth 401(k) to a Roth IRA and was charged a fee by the outgoing financial institution. This fee was paid from the account balance. Is this fee deductible as an investment expense? If ...
2
votes
1answer
64 views

In a 457b to Roth IRA rollover, is the 457b income counted as income for IRA contribution limits?

I would like to roll over my wife's 457b retirement account into her Roth IRA in 2017. I understand that the amount in the 457b will be taxed, but does it also count as income that affects the ...
2
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3answers
102 views

Roth (earnings) and Rollover distributions for first-time home purchase

I would like to withdraw money from both a Roth IRA and a Rollover IRA to help with a first-time home purchase. I have never withdrawn money for this purpose before. I have $5,500 in a Roth IRA that ...
2
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2answers
56 views

Opening an IRA and Minimum Initial Purchase Amounts

The Vanguard website lists the mutual funds in which one can invest when opening an IRA. Some of those funds have minimum investment amounts of $10,000. Since the annual IRA contribution limits are $...
0
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1answer
65 views

Previous employer has not rolled over my 401k yet

I left a company over 10 months ago and they still haven't rolled over my 401k yet. Is there anything I can do?
1
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2answers
149 views

Why do I need a rollover IRA?

I've seen from this site that 401(k) rollovers don't count against the yearly IRA contribution. I've also seen many resources saying that I should open a "rollover IRA" account, to transfer my old ...
9
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2answers
10k views

Roll-over my old 401k from Fidelity to Vanguard

I have a 401k (both traditional and roth) at Fidelity and recently tried a roll-over from the Fidelity 401k to Vanguard IRA (Rollover IRA and Roth IRA). When I called Fidelity to request a roll-over ...
0
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2answers
133 views

Why does it look like my 401k loan default was not paid by my 401k account balance?

I recently separated from my employer and I had ~$80k account balance and a ~$10k loan. I did a rollover to my new employer at a cost of $60 due to the prior 401k holder. ~$71k made it to the new ...
2
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1answer
61 views

Will the Non-Deductible Basis be considered for a Backdoor-Rollover even if it originates afterwards?

Trying to file taxes, I stumbled over a strange behavior of the software, and now I am wondering if this is actually the IRS regulation or just a bug. Assume this situation: On Jan/1 of 2016, X. has ...
2
votes
1answer
114 views

Taxes cost basis for 401(k) rollover to Roth 401(k)

Lets say I contributed $18,000 to my 401(k) this year, and my employer matched 50%, so I have a total of $27,000 contributed this year. This money I invested and made $1000, so now I have $28,000. At ...
2
votes
1answer
174 views

Can funds from a SIMPLE IRA be rolled over to a new custodian while still keeping the original account?

I contribute to a SIMPLE IRA through my employer. However, I am currently unhappy with my investment choices there. Is it possible to roll over some of the funds from my SIMPLE IRA to another vendor,...
-1
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1answer
211 views

Should I dollar cost average my 401K roll over? [duplicate]

I just switched jobs. My new job does not have a 401K so I have rolled over my 401K to a traditional IRA. Here's the question: I haven't invested it yet. It just barely got there so it is all cash. I ...
3
votes
2answers
580 views

My previous and current employers both use Fidelity for 401(k). Does it make sense to rollover?

I hope the title is descriptive enough. Basically my previous employer and my current employer are both using Fidelity to manage my 401(k) accounts. I'm wondering whether it makes sense to rollover ...
0
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1answer
162 views

FSA Rollover Funds - Leaving Company

I had $600 left over in my WageWorks Health Care FSA at the end of 2016. I am not contributing anything in 2017. WageWorks tells me that $500 will roll over after the window to submit 2016 claims ends,...
2
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1answer
67 views

Rollover into bond fund to do dollar cost averaging [duplicate]

I elected to accept my former employer's pension buyout offer of $15K and roll it into my 401(k) plan. If I had this in cash I would invest it over time to leverage the benefit of dollar cost ...
2
votes
3answers
1k views

401k loan limits, total or per plan

According to IRS guidance, the most someone can borrow against their 401k plan is $50,000 (or 50% of the plan, if that amount is less than $50,000) If someone had multiple 401ks, could they create ...
0
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2answers
76 views

401k rollover and share value?

At my previous job, lets says say I invested my $10,000 in shares worth 85$/share for a total of 116 units. I've started at a new company and am opening a new 401k account with their investor. If ...
1
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1answer
89 views

What are considered excessive rollover IRA administrative fees?

My husband has a rollover IRA and is being charged annual administrative fees of 1.94%. Is this too much?

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