No. of Recommendations: 0
W401K: "There is no limit on Rollovers. You can rollover an entire 401k balance to an IRA. The limit is only on money you can contribute annually pre-tax (401k) or deduct from Gross Income (IRA).
Once money is in a 401k Plan all pre-tax money, employer money and earnings are eligible for a rollover to an IRA without limitation."

I would clarify as follows: There is no dollar limit on Rollovers; IIRC, there is, however, a frequency limitation on rollovers (not more than once per 12 months), but there is no frequency limitation on trustee-to-trustee transfers.

Just my $0.02. Regards, JAFO

Print the post  


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!
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.