Greetings, Mitch, and welcome.<<I am planning to rollover my qualified plan pension lump sum from my previous employer into a Roth IRA. I already have a standard contributory IRA setup but do I need to setup a separate "conduit" IRA to accept the pension rollover and then roll that over to the Roth?It would be simpler if I can use the existing IRA as the temporary rollover destination but I wasn't sure how mixing the rollover and contributory funds would affect my ability to roll again into a Roth this year.>>There are a couple of considerations here. First, you can't roll from the plan directly to the Roth. It must go to a traditional IRA first. Second, if you intend ultimately to transfer the plan money from the traditional IRA into a Roth IRA, then it makes no difference if you establish a new traditional IRA or use the old IRA to receive it. You aren't intending to ever again put that money into a future employee's plan, and that's the only reason you would need to consider a new IRA for the plan money anyway. The mixing of old IRA money and plan money has no impact in that scenario. Once money is placed into a Roth from a traditional IRA, it is forevermore lost regarding a transfer back to a traditional IRA or to a new employer's qualified retirement plan. Roth IRA money may be rolled only to another Roth IRA.Regards…….Pixy
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