In this video we discuss how to move your IRA into your Employer Sponsored Plan (401k, 403b, etc.).

00:00 – Intro
00:49 – Who should do this?
01:42 – What can you consolidate?
03:37 – Step 1 = Deposit Instructions
04:58 – Step 2 = Additional Forms?
07:21 – DIYers for Simplicity
08:53 – Back Door Roth IRAs
11:06 – Calls to Action

Pro-Rata Aggregation Rules – …(read more)

LEARN MORE ABOUT: 401k Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

If you’re looking to consolidate your retirement accounts or simply want to take advantage of the benefits offered by your employer’s retirement plan, rolling your Individual retirement account (IRA) into a 401(k) or another employer plan may be a smart move. By doing so, you can potentially reduce fees, simplify your finances, and have greater control over your retirement savings.

Here’s how you can roll your IRA into a 401(k) or another employer plan:

1. Check if your employer plan allows incoming rollovers: Before initiating the rollover process, make sure to check if your employer’s 401(k) or other retirement plan accepts incoming rollovers. Not all plans accept rollovers, so it’s important to verify this information in advance.

2. Review the terms of your IRA: Take a close look at the terms of your IRA, including any potential penalties or fees for transferring the assets to another retirement account. Some IRAs may charge a fee for early withdrawal, so make sure to understand the terms and conditions before proceeding with the rollover.

3. Contact your employer plan administrator: If your employer plan allows incoming rollovers, contact the plan administrator to obtain the necessary forms and instructions for rolling over your IRA. The administrator will guide you through the process and provide you with the required paperwork to initiate the transfer.

4. Request a direct rollover: To avoid potential tax consequences and penalties, it’s recommended to request a direct rollover of funds from your IRA to your employer plan. With a direct rollover, the funds are transferred directly from one account to another without any tax implications.

5. Complete the rollover paperwork: Once you have obtained the necessary forms from your employer plan administrator, fill out the paperwork accurately and provide any additional documentation required. Make sure to double-check the information provided to avoid any delays in the rollover process.

6. Monitor the rollover process: After submitting the rollover paperwork, monitor the transfer process closely to ensure that the funds are transferred successfully from your IRA to your employer plan. You may need to follow up with the plan administrator to confirm that the transfer has been completed.

7. Review your investment options: Once the rollover is complete, review the investment options offered by your employer plan and make any necessary adjustments to align with your retirement goals and risk tolerance. Consider seeking advice from a financial advisor to help you make informed investment decisions.

By rolling your IRA into a 401(k) or another employer plan, you can consolidate your retirement savings, potentially reduce fees, and have greater control over your investments. Be sure to carefully consider the benefits and implications of rolling over your IRA before making any decisions.