Can I Rollover My IRA to Consolidate Funds

John Hyre


Can I Rollover my IRA to Consolidate Funds – Video

Video Transcript

John Hyre: Great question. How do they roll? Everything rolls, but a Roth IRA into a Roth 401(k), remember that. Everything rolls, but a Roth IRA into a Roth 401(k). 401(k) traditional rolls down the IRA traditional and vice versa and Roth 401(k) rolls down into a regular Roth IRA.

Why would you roll with all these beautiful rules I described? A 401(k) Roth into a traditional IRA, because there’s one difference in the rules. Roth IRA never has to be distributed. Roth 401(k) has the required minimum distributions when you hit age 70 and a half. If you hit age 70 and a half and you don’t want to be forced to start distributing from a Roth 401(k), roll it to a Roth IRA. I have deeply researched that issue, it is doable.

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