UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Re: Rollover IRA Question Date: 8/1/2000 9:49 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Ravi asked:

<<How about rolloving over funds from the following into a rollover IRA:
1. 401k
2. Keogh:Money-purchase
3. Keogh:Profit-sharing

I have some money in all 3 of the above.
Is it considered co-mingling?>>


Pixy replied:

<<Yes, it is considered comingling of the monies from the two plans. While you can put Keogh and 401k money into the same IRA, that means you cannot later move that money to another 401k or Keogh plan.>>

And guess what? Pixy was out to lunch on that one, and apologizes to the world. I was, for whatever reason, equating the Keogh with a SEP or SIMPLE IRA.

A Keogh, though, is a qualified plan. I know that, and knew it when I replied, too. Therefore, because qualified plan money may be transferred to another qualified plan or to an IRA, the 401k money and the Keogh money may be combined without affecting the eligibility of the combined money from later being transferred to a new employer's qualified plan (assuming the new plan accepts money from a former employer's qualified plan).

Sorry about that.


Regards..Pixy



Regards..Pixy
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Berkshire Hathaway

Starting a Small Business
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement