Can you rollover funds from an IRA (non Roth) into an employers sponsored 401k plan?

Answer 1

It depends on the specific plan. Your administrator will know. Usually, you can only roll-over 401k funds into an IRA and not the other way around because your employer pays certain administrative fees to maintain a 401k and won't want to pay additional fees for your own retirement funds generated outside of direct employment contributions from them.

Answer 2

the only way you're becoming achieved this replaced into in case you had left the money interior the old 401Ks. A 401K might nicely be rolled to a distinctive 401K (if the recent plan helps it) or an IRA. What you elect to do is roll the IRA to a 401K. See IRS pub 590, internet site 23. A 401K is *not* on the record of goals for rollovers. The record is TSPs, 457 and 403s.

Answer 3

Usually this can be done. The only reason(that I can think of) to do so is to take advantage of the ability to borrow against the balance in the 401(k). But you pay a huge price in loosing flexibility in what you can invest in. The 401(k) also is usually less desirable for your heirs if you die before you move it back to an IRA.

Unless you absolutely have to borrow the funds, leave it in an IRA.

Answer 4

yes, as long as they are pre-tax dollars but you want to check with your employer to see if their Plan Adoption Agreement will allow it. you will also have limited options of what you are able to invest in. why not leave it where it is (as long as it is not an IRA CD)? if it is an IRA with the Trust department of your local bank then you can invest the monies almost any way you'd like. eg: mutual funds, modeled accounts (diversified for you), individual stocks.

Answer 5

Ask the plan coordinator

Answer 6

Someone within your company should be able to answer that for you.