You can roll over a 401(k) to an IRA or another 401(k) plan to keep your tax-deferred savings growing. Be wary of indirect rollovers, as there can be tax consequences for not following IRS ...

Most financial planners and retirement plan experts recommend direct rollovers rather than indirect rollovers. Also, participants can only do an indirect 401(k) plan rollover once in a 12-month ...

There are two basic ways to transfer your money from a 401(k) plan to an IRA: a direct rollover or an indirect rollover. With ...

and you must report any transaction when you submit your annual tax return for both direct and indirect rollovers. If you move assets out of your IRA and into your 401(k) or use them for another ...

a new 401(k), or cashing out. Direct rollovers are preferable, avoiding tax penalties unlike indirect rollovers. Key findings are powered by ChatGPT and based solely off the content from this article.

For example, if you take an indirect rollover of $10,000 from a 401(k), you'd receive a check for $8,000, and the government would receive a payment of $2,000. You'd have to take that $8,000 ...

With rising uncertainty in the markets, recession fears, and growing demand for safe-haven assets like gold, more investors are considering converting some of their retirement assets into precious ...

However, the 401(k) rollover process requires thinking ahead and planning each step carefully, because there are numerous pitfalls and nuances to navigate. Retirement accounts, including 401(k ...

Recent IRS guidance includes an extension until July 15, 2020, to complete time-sensitive actions, such as indirect rollovers of retirement account distributions. But the extension only benefits a ...