529 to Roth IRA Rollover Questions I’m in the fortunate position to have approximately $6,400 left over in a 529 account that I’m the beneficiary of. My parents financial advisor gave them some (seemingly) incorrect information and I’m trying to determine what my next steps are. -The advisor wanted to open a new 529 account with me as the owner. I’m currently the beneficiary on …

Excess 529 to rollover IRA My father-in-law has opened a 529 college fund for my son. I know any excess funds can be rolled over into an IRA, but my question is for who? My FIL will unfortunately likely pass away before my son is college age, and there will also likely be excess funds in it. So would the rollover IRA be in my (or my husband’s) name, or my sons? subm…

401k rollover mistake I rolled over a previous employer 401k into a Rollover IRA. 15k Accidentally contributed 1k to that account not knowing the tax nightmare that creates. I still have about 48k in a different old 401k account that I would like to consolidate. Question is, should I roll it over to the now mixed pretax/post tax account or keep it as is in its own …

Should I rollover my 401Ks? Hello all, I (34m) have a few different 401Ks from previous jobs and trying to figure out what I could/should be doing, more so from a rollover standpoint. Basically – I have 3 ‘old 401Ks’ and trying to see if rolling over makes sense for me. Below are my 401Ks and their values/fees. Also any other feedback/considerations I’m also welcome to hea…

Teacher with 457-should I rollover? I’m reading up more and more about the predatory nature of some 457 vendors. I currently have Security Benefit and have the ability to rollover money from previous districts. Has anyone every done this before? submitted by /u/Hello94070

Rollover Retirement? I recently switched states for my job (teacher). In my old state I have roughly $49,000 contributed to my retirement (after 9 years). My new state will not let me roll it over to their retirement system. So what do I do with it? It is accruing interest, but it’s obviously not getting a monthly contribution from me or an employer. I can take it…

401K Rollover or RothIRA Please help, with guidance! I just opened a 401k with my new employer, contributing 6% company matched. Should I rollover my 401k from my previous employer ($13,500) or open a separate Roth IRA account? For reference, I’m 32y/o and don’t have any outside investments. Thank you for any help you can provide!!! submitted by /u/Mysterious_No…

Optimizing my Rollover IRA I have $15k in a Rollover IRA from a former employer that is sitting and +30% in VTI. Ideally, I’d like to convert it to my Roth without withholding any taxes. I will pay taxes on just the $15k if/when I withdraw. Is that an option? I’m not contributing to it so I’m not sure how to approach this. Thank you! submitted by /u/New-Gas3080 …

Should I rollover my TSP into a Roth IRA? Hey guys, I have a leftover TSP from my time as a federal employee with $17k in it. I am no longer a federal employee and was wondering if it would be smart to rollover that 17k into a new Roth IRA that I am considering setting up. I am quite ignorant when it comes to retirement accounts, but I am trying to learn. Any help is appreciated. Also,…

Rollover IRA vs Roth IRA Are these the same thing? Had a 401k in a previous job turn into a rollover IRA. Can I open up additional IRAs? If so is there a limit? submitted by /u/shavbate

Roth Rollover – 401k or IRA Question: I’m starting a new job and have ~$25k in my old employers Roth 401k. Should I rollover to a Roth IRA and start my new 401k as traditional? Edit: OR should I just stick with Roth 401k? Background: I’ve been contributing to Roth 401k for about 5 years with salaries from $45-75k, so in the lower tax brackets. I’ve always gotten the advice…

401k rollover during volitile market Hoping I can get some insight on an old 401k I’m hoping to rollover from Principal to Schwab. I have both pre tax and after tax contributions in the 401k. I was told that it would require both a rollover IRA and Roth IRA to be open at Schwab. That has been completed. Conveniently, Principal does appear to have to option to allow users to complet…

Did I screw up my Rollover IRA? Hi – Hoping to get some advice on a mistake I may have made. Years ago, I rolled over a low-six-figures 401(k) into a Traditional IRA. Ever since, I’ve been contributing the maximum annual IRA contributions to that Traditional IRA, even though the contributions were not qualified for a tax deduction (i.e. my spouse and I made too much to deduct…

Rollover to Roth 401(k) or Roth IRA This situation is really bugging me.. I had a Roth 403(b) with a previously employer that I didn’t touch when I left ~6 years ago. I would like to finally roll it over. I currently have a Roth 401(k) with Vanguard through my current company. Initial plan was to open a Roth IRA with Vanguard and roll the Roth 403(b) funds and employer contributio…

Rollover IRA & Fidelity Backstory, I left my company about 2-3 weeks ago which had the 401k account with Fidelity. My new company has 401k with Empower. I was with my last company for about 6-7 years and had about 70k in the 401k account so I wanted to make sure I made the right decision. After doing quite a bit of research seems like most people do not like Empower so…

Failed 401k Rollover I had a 401k from a former job that I rolled over from company A to company B. I recently discovered that company B failed to delineate the fact that half of the funds were Roth IRA funds; they coded all of it non-Roth which means I would have to pay tax on that amount again. I received proof from company A that they clearly notated which amount…

Where to rollover pensions I have two government pensions from prior employments (one from the City of NY and one from the state of FL). The NYC one is about $30k and the FL one is about $6k. I also have a random annuity of about $3k from my union when in NYC. I recently started a private job and just enrolled in their 401k. It doesn’t appear that this 401k allows me to r…

Should I combine my rollover IRA with my roth IRA? I moved a previous employer 401(k)’s into my Vanguard to keep everything in one place and it went into a new traditional IRA account called “Rollover IRA”. I now have 3 accounts now: Rollover IRA (combines all my previous employer 401ks, pre-taxed money) Roth IRA (I contribute to this annually, post-tax money) 401k plan (my current employer’s 4…