E46Fanatics - View Single Post - Rolling over 401K & down payment savings
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Old 05-03-2017, 12:33 PM   #15
Wraisil
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Join Date: Apr 2004
Location: Acworth, GA
Posts: 219
My Ride: 2010 Infiniti G37
Quote:
Originally Posted by JJR4884 View Post
Never thought i'd debate something you said since you always give spot on information, however you can in fact move IRA assets to a company sponsored plan. It is a Code G distribution out of your IRA to a new company plan.

Most company plans do not allow this in my experience, and most of all, what is the point. The cost of maintaining an IRA is cheaper and your investment options are far greater than those offered in a 401k plan. So in the event that you can transfer your IRA back to a new employer's 401k plan, logistically speaking it doesn't really make sense.
Thanks for the correction, that's actually what I meant to write (you can, but the offerings will not likely be better was what I was trying to say, obviously I screwed that up lol). Not sure how I screwed that up so badly and didn't notice

As an aside, the one time I would consider recommending moving your IRA balance to a 401k would be to get rid of the existing deductible contributions from your tIRA in order to facilitate more effective backdoor Roth contributions moving forward.
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Last edited by Wraisil; 05-03-2017 at 02:35 PM.
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