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Asked 2/18/2010
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Rollover Spouses 401K into mine When my wife and I have children we plan for her to stay at home and raise the kids. She will probably work part time but most likely will never be in a job offering 401K benefits. For that reason I was wondering if it is possible to rollover her account into my 401K account. We currently hold our accounts with different investment companies. |
Answer 1/3 - Submitted 2/18/2010
Answer 2/3 - Submitted 2/18/2010
Answer 3/3 - Submitted 2/18/2010
If the IRA is set up as a "conduit IRA" and you make no further contributions or distributions from it, you should be able to roll the 401(k) into the conduit IRA, then from there into a new employer's 401(k). (well, not messing with it is the easiest and cleanest paperwork-wise, you can read here for more information -- http://www.irs.gov/publications/p590/ch01.html#en_ US_publink1000230627 )
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