IRA to 401k/403b account

[PERSonalTime]

Has anyone ever transferred assets from their IRA account into either their 401(k) or 403(b) accounts? If so, how did that work?


Sent from my iPad using Early Retirement Forum

 

[seraphim]

Not sure that's possible - at least, I've always believed it wasn't possible.


Sent from my iPad using Early Retirement Forum

 

[dallas27]

Just a form, very simple. Just did it.


Sent from my iPhone using Early Retirement Forum

 

[texasdiver]

Transferred all of my IRAs into my TSP account which is basically the Federal employees 401(k) program. But I did that to reduce fees. And it was simply a form I downloaded from the TSP site, very easy.

However for most people I suspect they can find lower fee and better options with IRAs from Vanguard or Fidelity than they can from the typical 401(k) program. The one really good reason to do it though is if you are trying to clear the deck to do a backdoor Roth contribution and need to get rid of your legacy traditional IRA accounts.

 

[BBQ-Nut]

But you can do a Roth conversion from a tIRA, too.


Are there add'l tax benefits from rolling an IRA back into a 401k, then doing a Roth conversion?

 

[zinger1457]

I've done a similar transfer with no problem. One tax benefit to moving funds to a 401K is it can provide earlier access to the funds (age 55) and avoids the 10% penalty when withdrawing funds early (<59.5) from an IRA.