« previous next »
Pages: 1

Author Topic: Combine two pre-tax accounts?  (Read 1083 times)

FB2020

  • 5 O'Clock Shadow
  • *
  • Posts: 63
Combine two pre-tax accounts?
« on: October 26, 2016, 10:23:08 AM »
I think the answer is yes, but I'll ask.

I have an old job's 401K -> rolled over into a rollover IRA (all pre-tax)

I have another job's 401K -> can this be rolled over into the the IRA mentioned above? Essentially combining the two?

All funds are pre-tax, no Roth contributions. Do I need to track how much is from #1 vs #2?
Logged

secondcor521

  • Walrus Stache
  • *******
  • Posts: 5536
  • Age: 54
  • Location: Boise, Idaho
  • Big cattle, no hat.
    • Age of Eon - Overwatch player videos
Re: Combine two pre-tax accounts?
« Reply #1 on: October 26, 2016, 11:05:27 AM »
Yes, you can combine the two.

No, there is no reason to track how much you contributed to each.
Logged

terran

  • Magnum Stache
  • ******
  • Posts: 3810
Re: Combine two pre-tax accounts?
« Reply #2 on: October 26, 2016, 11:10:36 AM »
Sounds like a good plan. One thing you may want to avoid is making new contributions or combining with an IRA that was not originally a rollover from an employer sponsored plan. I've heard some states offer better liability protection to funds in employer sponsored plans and rollovers from those plans.
Logged

FB2020

  • 5 O'Clock Shadow
  • *
  • Posts: 63
Re: Combine two pre-tax accounts?
« Reply #3 on: October 26, 2016, 11:39:30 AM »
Quote from: terran on October 26, 2016, 11:10:36 AM
Sounds like a good plan. One thing you may want to avoid is making new contributions or combining with an IRA that was not originally a rollover from an employer sponsored plan. I've heard some states offer better liability protection to funds in employer sponsored plans and rollovers from those plans.

I have traditional IRA totally separate from 401K rollovers. I never knew I could even combine traditional IRAs with rollover IRAs..
Logged
Pages: 1
« previous next »