Alan S. wrote: ↑Fri Feb 09, 2018 6:23 pm
dlong wrote: ↑Thu Feb 08, 2018 5:51 pm
I have multiple Rollover IRA accounts from previous 401(k). If I do a rollover of these Rollover IRA accounts into a Vanguard 401k (employer sponsored), how are the accounts represented?
Currently, when I look at my Vanguard 401k, looking at "sources", I see that the money is separated by
- Pre-tax deferrals
- Company Match
- 2% Annual Contribution
- Roth Deferrals
- 2018 Roth-In Plan Conversion
Are these numbers just your annual contributions? Since no earnings show up, it appears that these amounts are just contributions for a period of time, not balances at the end of the period.
I do not I understand your queston. The list is of "sources" where the contributions come from, I did not include any $ amonts. For example, the 2% Annual contribtion is an "extra 2% that the company adds in addition to the 6% of 50% matching that the company provides".
Alan S. wrote: ↑Fri Feb 09, 2018 6:23 pm
When I roll the Rollover IRA accounts into the Vanguard 401k, will the money go into the Pre-tax deferrals? Or will they add additional "source" for
each rollover IRA? Or something else?
I agree with Earl that there should be a separate category for rollovers. One for all IRA rollovers should suffice, however if another qualified plan was rolled in, which could include after tax contributions, those rollovers would probably be separate from the IRA rollovers. However, plan accounting is not standardized. Plans may have more categories than they list on the employee statements.
Bonus question (for the future)... when the Vanguard 401k closes and I rollover the 401k into regular vanguard account, how many accounts is needed? One for
each of the source?
No, not once for each source. Obviously, any Roth money must go into your Roth IRA, pre tax money can go into either your TIRA or Roth IRA, and you might send highly appreciated employer shares to a taxable brokerage account to utilize NUA.
Thanks!
I don't know what NUA is.
Okay, now I do (just read up on it). Interesting ... not I have any company stock in my 401k, however, they do offer it through.
The reasons for the multiple accounts questions are:
1) If I move multiple rollover accounts into 401k and it becomes a single account, it would be less maintance during rebalance.
2) Monies inside 401k
may have increased protection against legal judgments (bankrupties, law suits, etc.) than Rollover IRA
So if I roll the rollovers it into the Vanguard 401k, if both 1 & 2 were true, it that would be nice. And when rolled out in a few years, if it end up with 2 accounts (tIRA and Roth IRA) instead of 3+ accounts (ie: tIRA, ROth IRA, additional one(s) for rollver of rollovers).