IRAs

To put money into a 401(k), first check to see if your plan enables rollover contributions. Because every company is different, you might not be able to utilize this strategy. If your company allows it, inquire about the rules for rolling an IRA into a 401(k) (k). You usually fill out a form claiming that […]

If you have a Roth 401(k) or 403(b), you can transfer your funds tax-free to a Roth IRA. You can roll over money from a standard 401(k) or 403(b) into a Roth IRA. However, because this is a “Roth conversion,” you’ll have to report the money as income and pay taxes on it. Can you

The IRA-to-401(k) move, which allows you to roll pretax traditional IRA assets into a 401(k), is one sort of retirement account rollover that doesn’t get much attention in the world of retirement account rollovers (k). It’s often overshadowed by rollovers in the opposite direction – from a 401(k) to a Roth IRA. Can I put

As a result of recent tax law changes, you can now transfer — or roll over — money from your 457(b) plan to an IRA once you’ve left your job. Your 457(b) plan provides you with a big benefit while you work for the government: tax deferral. How do I transfer my 457 to an

Any pre-tax retirement account can be rolled over into a Solo 401k. A 401k, 403b, 457, or Thrift Savings Plan from a former job can be rolled over. A Rollover IRA, Traditional IRA, SEP IRA, Simple IRA, Keogh, and Defined Benefit Plan can all be transferred. A Roth IRA cannot be rolled over into the

A 529 plan account, on the other hand, cannot be rolled into an IRA or any other retirement plan. If you have additional funds in a 529 plan account that you don’t want to transfer, you can name yourself as the beneficiary and use the funds for your own future education. How do you rollover

Yes, you can roll over a traditional IRA (but not a Roth IRA) into your 401(k) plan if your plan allows it. Can you roll a 401(k) into an IRA without penalty? You can transfer money from a 401(k) to an IRA without paying a penalty, but you must deposit the monies from your 401(k)

An IRA CD is an IRA that is made up entirely of CDs. In an IRA, you can use any CD, although some banks provide CDs exclusively for retirement savings. These often have longer durations of roughly ten years and greater yields. An IRA CD, in general, is an excellent method to save for retirement

On your taxes, report the amount of the conversion from a non-Roth retirement account to a Roth IRA as a taxable distribution with the word “rollover” next to it. This is line 15a and 15b on your form 1040 for 2009 tax returns. Because you earned a tax credit on the donations, you must include

Over 90,000 Ford employees must make a critical decision on their pension. When you retire and have a 401k, the decision is usually straightforward: convert the 401k to an IRA. There are few exceptions to the norm, such as if they are under the age of 59 1/2 or if they own employer stock, but