Questions tagged [rollover]
For questions relating to rollovers of 401K's, IRA's, HSA's, etc.
183
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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 ...
- 541
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0
answers
21
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Traditional 401k to Roth IRA - do employer contributions count as Roth IRA contributions or earnings? [duplicate]
I understand that Roth IRAs allow withdrawing your contributions before age 59 1/2 with no penalty.
At my old job I had a Roth 401k, but my employer's match went to a Traditional 401k, and I'd like to ...
- 119
1
vote
1
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70
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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 ...
- 2,790
2
votes
1
answer
164
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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 ...
- 23
4
votes
3
answers
295
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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 ...
- 165
2
votes
1
answer
67
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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 ...
- 23
3
votes
1
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138
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What can be withdrawn from a Roth IRA without penalty before 59 1/2?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 ...
- 8,392
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63
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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 ...
- 51.6k
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1
answer
127
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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 ...
- 159
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0
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18
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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, ...
- 111
2
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1
answer
78
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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 ...
- 1,623
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2
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64
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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 ...
- 101
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1
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73
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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 ($...
- 749
0
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1
answer
108
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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 ...
- 103
0
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1
answer
139
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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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1
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40
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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 ...
- 103
1
vote
1
answer
69
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 ...
- 1,209
5
votes
1
answer
600
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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 ...
- 496
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2
answers
85
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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 ...
- 159
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0
answers
43
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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
votes
1
answer
84
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 ...
- 87
3
votes
2
answers
107
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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 ...
- 939
1
vote
1
answer
65
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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 ...
- 1,928
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49
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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 ...
- 65
3
votes
3
answers
254
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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 ...
- 175
0
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0
answers
20
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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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3
votes
1
answer
61
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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 ...
- 139
2
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3
answers
276
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 ...
- 2,778
1
vote
2
answers
30
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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 ...
- 173
2
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1
answer
148
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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 ...
- 10.1k
1
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1
answer
63
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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 ...
1
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2
answers
78
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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 ...
- 319
3
votes
1
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76
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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
3
votes
2
answers
107
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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 ...
- 301
2
votes
2
answers
162
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 ...
- 121
1
vote
0
answers
37
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-...
- 1,034
2
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2
answers
97
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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 ...
- 4,016
1
vote
2
answers
99
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). ...
- 198
3
votes
0
answers
113
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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 ...
- 31
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1
answer
101
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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 ...
- 21
3
votes
1
answer
171
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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 ...
0
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1
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46
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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 ...
- 1
1
vote
0
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47
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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
votes
2
answers
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 ...
- 203
2
votes
1
answer
52
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 ...
- 1,262
2
votes
2
answers
116
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 ...
- 21
1
vote
1
answer
121
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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 ...
- 13
2
votes
1
answer
116
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 ...
- 4,176
0
votes
1
answer
77
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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 ...
- 383
2
votes
2
answers
156
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 ...
