issues concerning 401k rollover

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TO39
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issues concerning 401k rollover

Post by TO39 » Sat Feb 22, 2014 3:04 pm

What are the issues with a 401k rollover?

The 401k has pre tax money, 401k ROTH money, and post Tax money.

Leeraar
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Re: issues concerning 401k rollover

Post by Leeraar » Sat Feb 22, 2014 3:20 pm

TO39 wrote:What are the issues with a 401k rollover?

The 401k has pre tax money, 401k ROTH money, and post Tax money.

Call Vanguard. They will walk you through it.

It will roll to IRA accounts with the same classifications.


L.
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jebmke
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Re: issues concerning 401k rollover

Post by jebmke » Sat Feb 22, 2014 4:18 pm

You might want to search this site for the term "isolating the basis" to learn about the issues related to isolating the post-tax contributions into a ROTH IRA.
When you discover that you are riding a dead horse, the best strategy is to dismount.

placeholder
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Re: issues concerning 401k rollover

Post by placeholder » Sun Feb 23, 2014 2:13 am

What do you want to do exactly?

TO39
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Re: issues concerning 401k rollover

Post by TO39 » Sun Feb 23, 2014 7:56 am

Thanks for the replies,


My 401k has pre tax monies, 401k roth monies, and post tax monies. I wanted to transfer this money to a Roth IRA, a regular IRA, and a taxable account, respectfully. or just a Roth IRA and a regular IRA if that made sense.

placeholder
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Re: issues concerning 401k rollover

Post by placeholder » Sun Feb 23, 2014 12:06 pm

That shouldn't be any problem (assuming you are eligible to distribute it) as you're not trying to get the after tax into Roth as well but contact the 401k admin for the procedure(s).

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damjam
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Re: issues concerning 401k rollover

Post by damjam » Sun Feb 23, 2014 12:11 pm

TO39 wrote:Thanks for the replies,


My 401k has pre tax monies, 401k roth monies, and post tax monies. I wanted to transfer this money to a Roth IRA, a regular IRA, and a taxable account, respectfully. or just a Roth IRA and a regular IRA if that made sense.

Why would you want to transfer the post tax money to a taxable account? It's my understanding that the preferable thing to do is to transfer post tax money to a Roth account.
Go to http://fairmark.com/ and search for "isolation of basis" for information on how to move post tax money to a Roth.

TO39
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Re: issues concerning 401k rollover

Post by TO39 » Tue Feb 25, 2014 11:52 am

Thanks again


I will look up the link provided. I think I might find what I need there.

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