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Questions tagged [rollover]

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

3
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1answer
305 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 ...
3
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0answers
43 views

Is there a difference in “termination of employment” qualifying event trigger between group health insurance and 401(k)? [migrated]

My job uses a Professional Employer Organization to handle payroll and benefits. This is a coemployment relationship, not temp/staffing, nor subcontract. The PEO is the issuer of my W-2 and listed ...
1
vote
1answer
70 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
vote
1answer
69 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
votes
1answer
34 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
113 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
votes
2answers
127 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
votes
1answer
318 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
95 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 ...
16
votes
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 ...
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1answer
94 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
123 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
votes
2answers
160 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
votes
1answer
46 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
152 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
votes
1answer
339 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
votes
2answers
128 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
votes
1answer
103 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
45 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
votes
1answer
78 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 ...
1
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1answer
50 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 ...
3
votes
3answers
97 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
votes
2answers
53 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
64 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?
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2answers
133 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 ...
10
votes
2answers
7k 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
125 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 ...
3
votes
1answer
59 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 ...
3
votes
1answer
94 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 ...
3
votes
1answer
153 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,...
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1answer
141 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
390 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
146 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
61 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
964 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
74 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 ...
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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?
4
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2answers
239 views

401k mistaken rollover into cash account

I've recently discovered that E-trade rolled over my 401k into a cash account, instead of a IRA account, as I intended. The rollover happened one year ago. The 401k administrator sent me a tax ...
5
votes
0answers
127 views

Questions on retirement saving plans for non-resident aliens

I am a German citizen that started working as a postdoctoral researcher at a University in the U.S., being on a J1 visa. Part of my benefits package includes an employer match that I can make use of ...
3
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0answers
287 views

If I plan to retire in Puerto Rico, should I move my 401k anywhere?

I plan to retire to Puerto Rico. Should I rollover my 401k directly to an IRA in Puerto Rico or should I keep it in the US?
4
votes
2answers
860 views

Is it possible to rollover a UK SIPP retirement account to a US IRA when repatriating?

I've got a UK SIPP retirement account from being an expat working in the UK for 5+ years for an affiliate of a US employer. As I try to decide how long I'm going to stay in the UK, it occurred to me ...
6
votes
3answers
522 views

Is there legal reason for restricting someone under 59-1/2 from an in-service rollover from a 401K to an IRA?

There is a lot of confusing information on the internet regarding this. Additionally, there have been changes made by the IRS later than many articles that someone may find by a web search. I have ...
5
votes
2answers
322 views

Is there a downside to dropping out of my 401(k)?

My employer started offering a 401(k) plan a couple years ago with no employer contribution (we are a small company). I signed up as it seemed like a good way to force myself to save for retirement. ...
6
votes
3answers
753 views

Can't withdraw from 401k because plan trustee can't be found

My previous employer (startup in Silicon Valley) was acquired by a foreign company about 2 years ago, and the parent company laid off pretty much everyone about 1 year ago, which I was a part of. I ...
3
votes
2answers
458 views

Ordering of backdoor Roth conversion and rolling over 401k?

I have two retirement accounts: Traditional IRA funded with non-deductible contributions 401k I left my job so I want to roll over my 401k into a Rollover IRA, but I've also heard about the benefits ...
2
votes
0answers
61 views

Make a SEP contribution to a traditional IRA

I have a traditional IRA with Vanguard that originated as a 401k rollover (so they call it a Rollover IRA). This year I have a lot of self-employment income, and I am qualified to make a SEP IRA ...
1
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1answer
94 views

What does liquidate my fidelity ROTH mean?

I am trying to rollover my fidelity ROTH to Betterment and I've authorized Betterment to initiate the rollover. The next step betterment requests is that they me to liquidate my ROTH, but I'm not sure ...
3
votes
2answers
422 views

Rollover 401k into Roth IRA?

I'm a bit overwhelmed after looking up information regarding rollover of my 401k into a Roth IRA. If I'm to be honest with myself, I'm not knowledgeable in the personal finance subject and really just ...
2
votes
1answer
165 views

Does a Roth 401(k) rolled into a Roth IRA count toward the annual contribution limit?

I am trying to max out my Roth IRA for the 2015 tax year, and am wondering if Roth 401(k) rollovers count as a contribution. Roth 401(k)'s are not offered by many employers, so I couldn't find much ...
5
votes
1answer
130 views

Should I do a Rollover 401k instead of a Rollover IRA because of the loan option?

Until now, I was pretty much convinced that rather than rolling over the 401k from my old company to the new company, it is a much better option to roll everything over to a Rollover IRA, and my ...