{ "media_type": "text", "post_content": "Want to roll over 401K from two previous employers. Would you advice rolling both into a Roth or current employer’s 401k and Why?", "post_id": "5d5ebbae780ef800246cc87b", "reply_count": 11, "vote_count": 0, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Want to roll over 401K from two previous employers. Would you advice rolling both into a Roth or current employer’s 401k and Why?

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I will go against the grain, and say you should not keep any funds in traditional IRA, and you should delay taxes as long as possible. so I would roll them into new employer 401k. reasons: I want to keep backdoor Roth option open. my 401k has good investment choices. ymmv

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doesn't work that way. IRS doesn't care if you have one account or 100. in their eyes, it's all one Traditional IRA. for IRS and tax purposes, you only have two. a traditional, and a Roth. note - I'm not counting all the self employed IRA (sep, simple, etc) that are out there, but not part of this issue.

I'd roll into an IRA. Better investment choices... you're not limited to the plans choices, plus the plan could have additional fees. As for whether to convert to Roth, depends on amount, as you'll end up paying taxes on your highest marginal rate for that year (unless it was a Roth 401k).

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Yeah those are two different questions. 1st, roll into 401k or IRA? Then, do you want to convert to Roth or no? (either by converting funds into Roth 401k or converting into Roth IRA) I agree with the above - in your IRA (whether you choose traditional or Roth) you control the funds. Generally gives you more control. That said - you’re at Deloitte right now? I like vanguard. We have access to high quality funds in our 401k. I’d roll it into the 401k. Vanguard also makes it easy to convert to money to Roth funds if you want.

401k because pro-rata rules on Traditional IRA to Roth IRA conversations (even if you do the rollover this year, leave the funds, and do the conversion in the future)

I ended up rolling a small amount of money back into a 401k (current company) when I found out about the pro rata rule. My company only allows a small amount for after tax so I really wanted to be able to do backdoor and mega backdoor each year.

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