Ask Experts Questions for FREE Help !
Ask
    wiseplanner's Avatar
    wiseplanner Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 22, 2011, 11:40 AM
    IRA Rollover
    I want to rollover my ira plan that's under my former employer's plan but my former employer says that their contibutions made to my ira account won't be contributed until the end of this year, and that I can do one rollover now, and then do a second rollover later this year of their contributions. What advice is available for this situation?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Oct 24, 2011, 06:07 AM
    It's up to you - you can do two rollovers, or wait and do just one. Obviously doing 2 rollovers three months apart is a bit more paperwork for you, but other than that it really doesn't matter.

    One bit of clarification - I assume your employer's plan is a 401(k) and not an IRA, correct?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Adding funds to rollover IRA [ 7 Answers ]

Hello everybody, Is it possible to add funds to rollover IRA? Thanks

Rollover IRA and its benefits [ 1 Answers ]

Is this a really good idea to rollover a 401K to rollover IRA? How does it work? I have a Roth IRA account. Do I have to open other IRA account for this? Is there a limit to transfer from 401 to IRA? When you rollover do you sell all the funds in the 401K and transfer only monetary equivalent?...

401k rollover in to IRA [ 1 Answers ]

I took a disbursement of my 401k in to a taxable savings account last year and rolled the money in to an IRA within 60 days. I did not work last year and so did not have any other form of income. Do I have to file with the IRS?

IRA Rollover [ 2 Answers ]

Anyone here done an ira rollover of their retirement savings? It says in the article "IRA Rollover is you taking up responsibility of your retirement savings account for upto 60 days before reinvesting it into a new retirement plan" How did the process work? What broker did you deal with?...


View more questions Search