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#2
10-30-2003, 02:42 PM
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 Re: Comingling IRA funds - quote - > In any case keep specific records of what money whent where.
You no longer need a separate conduit IRA, and you will not> Funds in the IRA will loose the rollover starus if comingled > with other funds, or if additional contributions or > wthdrarwals rae made. lose rollover status. EGTRRA changed the rules. Barry Picker, CPA/PFS, CFP << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
10-30-2003, 02:23 PM
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| Re: Comingling IRA funds - quote - > In any case keep specific records of what money whent where.
I was under the understanding that with the recent round of> Funds in the IRA will loose the rollover starus if comingled > with other funds, or if additional contributions or > wthdrarwals rae made. changes, we can now roll any traditional IRA to any 401k that accepts rollovers. (Doesn't have to be "conduit".) But then that would change the point at which the funds could be accessed penalty-free (under certain conditions 401k is age 55). And that doesn't sound right. Would someone comment on this? -HW "Skip" Weldon Columbia, SC << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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10-28-2003, 02:58 PM
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| Re: Comingling IRA funds You are somewhat correct You may execute a DIRECT rollover from one 401k to another as long as Both Plan rules allow for that. You may also roll a 401K to a "conduit IRA"( Traditional not Roth) which must be then rolled to a qualifying Plan. In any case keep specific records of what money whent where. Funds in the IRA will loose the rollover starus if comingled with other funds, or if additional contributions or wthdrarwals rae made. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
10-05-2003, 08:56 AM
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| Comingling IRA funds I thought sure I have read someplace that the tax law change a couple of years ago now allows the rollover of comingled funds (old 401K + new contributions) into a new 401K. Is this the case, because I now can't find any mention of that in Pub 590 or anywhere else. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| comingling, funds, ira |
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