Skip to main content
No. of Recommendations: 0
<<<<Therefore, can I make my yearly $2000 contribution into the IRA created from these defined contribution plans, or, regardless of my future intent, must I keep all monies from my old employer's plans untainted?>>>>
No NO NO NO
<<<can I rollover those funds into the IRA originally created from the old 401(k)/ESOP funds, or must it remain in a separate IRA?>>>
Maybe yes
I had SEP and Schwab and they said they would tranfer it into my IRa right that minute.
Check but I would say yes
<<I thought about taking the stock>>>
My rule is always to take the stock, but to each his/her own.
<<<After being rolled over, are these SIMPLE funds eligible to be converted into a Roth?>>>
You would have to pay taxes on the distributions. Just like in IRA
<<<3) Can I convert the IRA holding the 401(k)/ESOP funds into a Roth IRA?>>>
Yes, but you have to pay taxes.

Call someone like Schwab and ask these questions. I think I know all the answers but I might be missing something. I think you can move all of it into a IRA or a Roth. I think if the SIM IRA is discontinue then you get to roll it. Whatever you do have the gaining institution handle the rollover.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.