How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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why don't you speak with someone at schwab. i think you are getting terminology mixed up for ira and a special type of ira called a roth ira.
you can rollover pre-tax 401k to a ira for the full...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Yes, you can roll it over to a roth but you will have to pay taxes first. So you won't be rolling over the full $5k into the roth. I agree with hermano - Talk to an investment group for the advice....
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Hi,
Before I was laid off, I made about $10k pretax last year.
In my 401k, I have about $10k.
When I roll over the 401k into the IRA, should I roll over the entire amount or just the maximum...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Are you trying to consolidate? If so yes, I also agree with the other comments that you should roll the entire balance to your IRA. It does not count as a current year contribution. Make sure to...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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No need to even talk to an agent, IMO. Here's what you should do:
Create a Rollover IRA account--you should be able to do this online with Fidelity. Then roll over the ENTIRE amount by having the...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Thank you so very much sirs.
I was wondering, is there any comprehensive site like wikipedia for tax laws, or is there an easy way to learn on my own without being a tax accountant?
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Roll over the ENTIRE amount. If not, it will be treated as a withdrawal and is subject to taxes. More than likely the IRA will have many more mutual fund options for investing than your old 401(k)....
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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http://www.Fairmark.com ?
The websites of brokers and mutual fund companies have quite a bit of tax information. If you don't really need a broker (you probably don't), choose a cheap mutual fund...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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There are a few clarifications that need to be made before I can answer your question, but the short answer is no.
Firstly, if you are able to participate in a 401k through work than you cannot...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Further clarification. Deductibility of IRA contributions when eligible for a retirement plan (pension, 401k, etc), is based on income, just as if you don't have a retirement plan. The income limits...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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Let's say you max your 401K for the year (I think is was around 16500) and want to roll $5000 of it over to an IRA leaving 11500 in the 401K.
Can you defer another $5000 pretax to the 401K to get...
How much of the 401k should you rollover to IRA?
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Thread created 04-04-2012 by flowerbridge
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The question about $5,000 means the OP may confused with a Roth IRA. This is why I suggested s/he contact a brokerage. I don't want to explain the nuances and strategies surrounding moving from...
