Questions tagged [rollover]

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

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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 ...
MVE's user avatar
  • 103
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1 answer
62 views

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 ...
MTA's user avatar
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4 votes
2 answers
3k views

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. (...
Raj's user avatar
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2 votes
1 answer
150 views

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 ...
Theodore's user avatar
  • 121
1 vote
0 answers
349 views

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 ...
asgallant's user avatar
  • 230
3 votes
2 answers
198 views

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 ...
SomeDude's user avatar
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0 answers
113 views

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 ...
kcardinalis's user avatar
2 votes
2 answers
297 views

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 ...
Roy Tinker's user avatar
1 vote
0 answers
52 views

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 ...
Bob Baerker's user avatar
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3 votes
2 answers
595 views

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 ...
Cameron's user avatar
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5 votes
3 answers
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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 ...
Daniel Goldfarb's user avatar
2 votes
3 answers
137 views

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 ...
heretoinfinity's user avatar
1 vote
1 answer
75 views

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 ...
penguin359's user avatar
1 vote
1 answer
76 views

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 ...
thomaskeefe's user avatar
1 vote
1 answer
111 views

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 ...
Stefanie Gauss's user avatar
1 vote
1 answer
77 views

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 ...
Matthew's user avatar
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2 votes
1 answer
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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 ...
micahmo's user avatar
  • 23
4 votes
3 answers
414 views

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 ...
Dave Simione's user avatar
2 votes
1 answer
141 views

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 ...
Jeff Begin's user avatar
3 votes
1 answer
194 views

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 ...
yoozer8's user avatar
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1 vote
1 answer
265 views

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 ...
JohnFx's user avatar
  • 53k
4 votes
1 answer
163 views

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 ...
adi's user avatar
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1 vote
0 answers
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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, ...
user3158591's user avatar
2 votes
1 answer
81 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 ...
Rich's user avatar
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0 votes
2 answers
93 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 ...
Jerry's user avatar
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0 votes
1 answer
78 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 ($...
Mary Doe's user avatar
  • 759
0 votes
1 answer
433 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 ...
Tomo's user avatar
  • 103
0 votes
1 answer
153 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 ...
Mary Doe's user avatar
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0 votes
1 answer
42 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 ...
Hexy's user avatar
  • 103
1 vote
1 answer
149 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 ...
arcyqwerty's user avatar
  • 1,271
5 votes
1 answer
619 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 ...
ToniAz's user avatar
  • 506
1 vote
2 answers
166 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 ...
adi's user avatar
  • 159
1 vote
0 answers
44 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 ...
Robert Green's user avatar
2 votes
1 answer
94 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 ...
Anthony's user avatar
  • 87
3 votes
2 answers
121 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 ...
morpheus's user avatar
  • 953
1 vote
1 answer
148 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 ...
Michael A's user avatar
  • 1,958
0 votes
1 answer
153 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 ...
tir38's user avatar
  • 65
2 votes
3 answers
315 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 ...
David Gay's user avatar
  • 173
0 votes
0 answers
27 views

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
Peter's user avatar
  • 1
3 votes
1 answer
63 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 ...
user65985's user avatar
  • 171
2 votes
3 answers
330 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 ...
Runeaway3's user avatar
  • 2,898
1 vote
2 answers
44 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 ...
peterB's user avatar
  • 421
2 votes
1 answer
183 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 ...
Franck Dernoncourt's user avatar
1 vote
1 answer
64 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 ...
Tina Perkins Welker's user avatar
1 vote
2 answers
86 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 ...
Craig's user avatar
  • 319
3 votes
1 answer
96 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 ...
tef2128's user avatar
  • 141
3 votes
2 answers
135 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 ...
peter Clarke's user avatar
2 votes
2 answers
213 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 ...
geofflittle's user avatar
1 vote
0 answers
40 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-...
user2371765's user avatar
  • 1,084
2 votes
2 answers
107 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 ...
Ken - Enough about Monica's user avatar