Questions tagged [rollover]

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

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15 views

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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1answer
61 views

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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53 views

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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1answer
62 views

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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1answer
51 views

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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1answer
94 views

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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16 views

HSA transfers after rollover within past 12 months

Can HSA assets that have been rolled over within the past 12 months be transferred without tax implications? Request a rollover distribution from Custodian A Deposit funds distributed by Custodian A ...
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1answer
36 views

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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1answer
55 views

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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1answer
590 views

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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2answers
67 views

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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34 views

Possible to do rollover from a solo Roth 401(k) to Roth IRA?

I'm self-employed and thinking of opening an individual Roth 401(k) account with TD Ameritrade. I would max out the employee contribution immediately and not bother with the employer match (since the ...
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39 views

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 ...
2
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1answer
79 views

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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2answers
83 views

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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1answer
43 views

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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1answer
41 views

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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3answers
208 views

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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19 views
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1answer
57 views

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 ...
2
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3answers
177 views

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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2answers
27 views

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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1answer
116 views

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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1answer
58 views

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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2answers
71 views

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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1answer
61 views

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 ...
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2answers
102 views

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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2answers
126 views

Rolling over pre-tax employer contributions into my Roth 401(k)

If I have set my 401(k) up such that my contributions go to my Roth 401(k), my employer's matching contributions are still made pre-tax and go to my "traditional" 401(k). Can I roll these ...
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0answers
29 views

Rollover from workplace pension scheme to SIPP

If I stop working for an employer, can I transfer the funds from the employer's pension scheme to a SIPP without tax consequences? I think I should be able to because the funds in both schemes are pre-...
2
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2answers
89 views

401k direct rollover to existing IRA? [duplicate]

The instructions I'm looking at (on how to roll over a 401(k) to an IRA) say that I should open a new traditional IRA account. I have one that I've used for a rollover in the past (it was created to ...
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2answers
71 views

Specifics on rolling over "late" 401k contributions

After I had to roll over my 401k recently, my former employer made 2 more small contributions to it for some reason so those checks have been mailed and made payable to me (minus the 20% withholding). ...
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0answers
106 views

Withdrawing from after tax 401k rollovers to Roth IRA

I have after tax contribution. I have setup Roth in plan conversation. If I rollover that money to a Roth IRA, which I can do since it is after-tax money. Do I have to wait for 5 years to withdraw my ...
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1answer
84 views

Replacing money in Roth IRA after withdrawals?

In a Roth IRA account funded entirely by after-tax 401k rollovers (mega backdoor), is it possible to use the 60 day replacement rule like in this answer assuming only the principal is being taken out ...
3
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1answer
135 views

401k rollover being held up by former employer

I was terminated from my job on 5/15/20, on 6/12/20 I initiated a rollover of my 401k from my former employment into another 401k that I have, Principal Financial is the plan administrator, they have ...
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1answer
45 views

Rollover IRA question [duplicate]

I have a quick question. I had 401K from 2 different past employers - Employer A and Employer B. I opened 2 Rollover IRA accounts - one in Brokerage A and another one in Brokerage B in early 2020. I ...
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0answers
46 views

From unemployed to self-employed/freelancer, how is my 401K & IRA setup?

Recently lost my job and decided to try out the freelancer route. I am in my early 40s and I expect to make about $150k before tax. I have a few questions about setting up a my 401k and IRA. Already ...
10
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2answers
1k views

Where can I transfer rollover IRA funds to without it becoming income?

I'd like to move untaxed investment money to a new institution. Originally, the money was held in a 401k, then moved to a Rollover IRA. My new bank has both "Traditional IRA" and "Roth IRA" products ...
2
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1answer
47 views

Can I avoid the penalty if I rollover a SEP IRA to a Roth and then pull out the money?

I have some SEP-IRA money that I am considering rolling over to a Roth IRA. Since Roth contributions can be pulled out without penalty, is it possible to roll over a SEP-IRA to a Roth IRA then ...
2
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2answers
115 views

I initiated a 401k rollover to an individual IRA, but plan sponsor didn't execute

I got confirmation of my rollover on the phone but checked back 3 days later and the process had not taken place. I did this with the understanding that my fund holdings would be liquidated and then ...
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1answer
99 views

Does an in-service rollover of a Roth 401(k) to an existing 15 year old Roth IRA incur any tax?

I have a Roth 401(k) and want to roll it over into my existing 15 year old Roth IRA while still employed. Vanguard is the fiduciary for both. Is any part of this rollover considered taxable? I am ...
2
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1answer
95 views

Can you roll a traditional IRA into a 401k and do a Backdoor Roth IRA same year?

The following is a situation a few of my friends are in: Significant assets in traditional IRA Income above Roth IRA limits Their 401k plan allows you to roll regular IRAs into it Now, the prorata ...
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1answer
72 views

401k rollovers - pros & cons question [duplicate]

I have some 401k money in a former employer plan. It is doing really well, I like their funds and their Financial Engines program. I hesitate to touch it. My new employer has a good plan. The way ...
2
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2answers
155 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
405 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 ...
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1answer
157 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 ...
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2answers
129 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 ...
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2answers
326 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 ...
1
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3answers
136 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
219 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 ...
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1answer
68 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....