Can I roll over my traditional IRA to my 401k

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genjix
Posts: 239
Joined: Sat Mar 12, 2011 2:51 pm

Can I roll over my traditional IRA to my 401k

Post by genjix » Mon Jul 15, 2019 9:29 am

Can I roll over my traditional IRA to my 401k?
And should I? (ER in 401k are cheap)

retiredjg
Posts: 37192
Joined: Thu Jan 10, 2008 12:56 pm

Re: Can I roll over my traditional IRA to my 401k

Post by retiredjg » Mon Jul 15, 2019 9:32 am

genjix wrote:
Mon Jul 15, 2019 9:29 am
Can I roll over my traditional IRA to my 401k?
And should I? (ER in 401k are cheap)
Many 401k plans will accept pre-tax money from a traditional IRA. Some will only accept a "roll in" from a Rollover IRA. NONE will accept any type of after tax money such as non-deductible contributions to IRA.

So you have to find out what your plan allows and you have to consider if you have any non-deductible contributions in there.

As to whether you should, there is not enough information to comment. However, there is usually no downside if your 401k is a good one with low costs and the funds you want.

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