Scott S. wrote:
- quote -

I'm not aware of any one site that may have everything you
need, but the one below at a CCH owned site has a good
summary. You may also want to start with the CCH module on
retirement plans (2nd link).

http://www.cch.com/wbot2003/007Retirement.asp
http://www.finance.cch.com/text/c40s10d010.asp

--
Alan
http://taxtopics.net

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"HW Skip Weldon" <skip5700removethis[at]hotmail.com> writes:

- quote -

Does anyone know where I could find all of those differences
listed -- not necessarily in any great detail --in one
place? I want to figure out if I understand all the
downsides of rolling a 401(k) into an IRA. Thanks.

Scott S.

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- quote -

Thanks for the clarification. Much to my chagrin, I am
constantly reminded of how much I don't know. <grin
-HW "Skip" Weldon
Columbia, SC

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HW "Skip" Weldon wrote:
- quote -

No. You may be thinking of retirement plan to retirement
plan rollovers that include after-tax contributions. In
this instance, the receiving plan must keep track of the
after-tax amounts. Then again, you may be thinking of
"deemed IRAs." They require the company to keep track of
the IRA monies separately. One can rollover an IRA to a
retirement plan; a conduit IRA to a retirement plan; and a
rollover IRA (conduit that has been tainted/comingled) to a
retirement plan and there is no requirement for the plan to
keep track. Once the funds get inside the retirement plan
they are subject to the rules of that plan.

That's my understanding after reading a bunch of published
material on this subject.

--
Alan
http://taxtopics.net

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A.G. Kalman" <agk202[at]netscape.net> wrote:

- quote -

My understanding is that because of differences between IRA
and 401k (loans, age differences for premature distribution
penalties), any 401k accepting IRA monies must account
separately for those dollars.

In other words, IRA dollars in a 401k are still treated as
IRA dollars. Otherwise, a person could access IRA earlier
than 59.5 without penalty by rolling to 401k and severing
employment at 55.

Is that your understanding?

-HW "Skip" Weldon
Columbia, SC

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Rich Carreiro wrote:

- quote -

The only use of a conduit IRA is to preserve the tax
benefits available to those individuals born before 1/2/36.
These individuals who want to maintain the ability to use 10
year averaging would have to maintain the conduit IRA in its
virginal state. If there is no desire to maintain 10 year
averaging or the taxpayer is not eligible for 10 year
averaging, there is no need for a conduit IRA. Taint to
your heart's content. The taxpayer can only rollover the
taxable portion of the IRA into a retirement plan that
accepts IRA rollovers. Ay cost basis in the IRA can't be
rolled over. The IRA distribution can be rolled over into a
government 457, a 403(b) and any employer qualified
retirement plan (defined contribution, defined benefit &
hybrids).

By the way, many sites on the Web still use the term conduit
IRA whenever they discuss rollovers to qualified plans. A
Google search will turn up a lot of misinformation.

--
Alan
http://taxtopics.net

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I know for sure that pre-(one of the Bush tax cuts) that an
IRA account funded entirely with rollovers from certain
qualified plans could be rolled back into certain qualified
plans. I also know for sure that back then if you
commingled even $1 of annual IRA contributions into that
account (either by directly making a contribution to that
account or transferring in funds from an IRA account that
had had annual contributions made to it) you permanently
forfeited that option.

In a discussion elsewhere, it was pointed out to me that one
of the Bush tax cuts removed the prohibition on rolling back
commingled IRAs. My vague memory is that when the tax law
in question passed, I asked here about whether commingled
accounts could be rolled back, and the answer was a rather
caveated "yes".

So I shall ask again... :-)

Under current tax law, what are the rules about what sorts
of IRA accounts (with respect to their funding sources) can
be rolled back into what types of qualified plans?

[I imagine one complicating factor is the "this tax law will
self-destruct on 1/1/2011" clause, which could be annoying
if you commingled but didn't roll back into a qualified plan
before that date :-]

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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