Is there any way my spouse's 401K from a previous employer can be rolled-over into my current 401k?

Question

Is there any way to roll this into my 401k without penalties?

Answer 1

Not without penalities. There is a way but I think you still want him/her around. :)

Answer 2

No. She may be able to roll it over into another employers 401k, if she gets a job with an employer that has a 401k. She can roll it over into and IRA. Or she can take it out, which is not a good idea because she would be subject to taxes and penalties.

Answer 3

No, and that's not something you want to do anyway. You should roll their 401k into an IRA (and even a Roth IRA if you made less than $150000 in the year of the rollover and can afford the tax hit). It will give you more investment choices.

Most 401k programs are very limited in their investment choices.

Answer 4

No it is her 401K but you can set up an IRA in her name and roll it into that without penalties.

Answer 5

There are no government penalties for rolling money from one 401(k) to another.

However 401(k) plans decide individually whether or not to accept rollovers. If they do accept rollovers, they are limited to accepting rollovers from plan participants or employees. If your spouse is not an employee of your employer he/she will not be able to roll the money into your employer's 401(k) plan. He/she would need to roll it over into their employer's plan (if applicable) or into an IRA.

If the money is from an ex-spouse and was awarded to you in a QDRO, that money is now yours and you could roll it into your employer's plan.