Last year I left a company that is a profit sharing plan, which I ultimately than 60% in. The new company I work for a vested at 401k. Can I made the money from the Profit Sharing Plan will be rolled over in my 401k? If not, what would be the best means to do with these? I know that it will be rolled up in a traditional IRA – which I do not have – so should I do to open a traditional IRA to a direct rollover these funds?
when rolling over individual retirement account is it better to have the funds transferred or get the check ?
I have heard that the institution issuing the check will withhold taxes, but if you have the funds transfered, this will not happen in the case of rolling over your IRA, or individual retirement account, you will get a 1099 for tax purposes. To explain better this is when you have an IRA account with a bank or a certain institution, and you are planning to take your account to another institution, within 60 days, and put it in another IRA account.
I want to rollover my funds into a high yield spread acctount but I’m not sure who to invest with and what type of acctount I should invest in. (401k, mutual funds, etc) I’m looking for a acctount that I can put money into whenever I want and not have to pay any account maintenance fee’s if possible or keep it to a minimal amount. Any one with who can help me to the right direction?
My wife has an HSA with a $5000 deductible. I have an IRA account. Can I roll over my IRA to her HSA?
The maximum contribution to a single-person HSA is $3,000, and my IRA is worth more than that. I’ve read that the IRS allows a one-time rollover from an IRA to an HSA without taxes or penalties, but if it’s MY IRA and HER HSA, does that still qualify? Thanks. I have the IRA check in my hand, but I figured I’d check and make sure this is legal before I deposit it into her HSA. Thanks.