How can I rollover my Roth 401K from my old firm to my new firm’s traditional 401K plan?
I have a personal choice retirement account with Schwab that’s 20% Roth 401K and 80% Traditional 401K. I recently switch jobs and my new firm does not offer the Roth 401K. What are the consequences of rolling over? Can I recharacterize my Roth 401K as a traditional 401K and get back a larger tax refund?
Thanks for your help.
I have a personal choice retirement account with Schwab that’s 20% Roth 401K and 80% Traditional 401K. I recently switch jobs and my new firm does not offer the Roth 401K. What are the consequences of rolling over? Can I recharacterize my Roth 401K as a traditional 401K and get back a larger tax refund?
Thanks for your help.
And yes, there is such a thing called a Roth 401K and I am not confusing an IRA w/ a 401K.
Can AIG Valic charge a fee for a Rollover into a similar account with a different firm?
I worked in a school district and setup a 403b with AIG Valic. I am trying to roll that money into a rollover IRA with Fidelity. After talking to Valic, they have stated that they can do the transfer, but they will need to charge me a 5% fee because I have made a contribution within the last 5 years. Is this legal? Can they charge me 5% of the value of the money that I put in myself?
Which online brokerage firm do you suggest for a Roth IRA?
I recently opened a roth ira with e trade, but have been reading a lot about a potential bankruptcy. I know my money would be insured because I am only investing $2,500, but I am weary of a company that might start to perform poorly. Do you have any suggestions for a firm that has low fees on their IRAs? Is it possible to transfer my roth ira to another online brokerage firm?…Thank you!