Usually after you leave a company, your old 401 (k) sponsor will send you a letter giving you three options: Leave the plan with the sponsor. This should be done automatically with your new brokerage firm but it's best to call them and let them know what you wish to happen. Rollovers do not count as contributions, so they are not subject to. For example, if you have less than $5,000 in your 401(k), your employer can require you to. 2. 2. Where to Roll Over Your 401(k) In terms of where to roll over your 401(k), you have three major options. Get the facts on self-directed 401k rollovers directly from 401kRollover. So if you ever get sued and get a large money judgment against you, your money is safer in a 401 (k). k. S. That match may offer a 100% return on your money, depending on the 401(k). A new 401 (k) plan may offer benefits similar to those in your former employer's plan. 1. It takes no more than two steps—as long as you follow the rollover rules. I’ve never had an issue, whether bouncing it to an IRA or to a different 401k (I’ve done both). Most pre-retirement payments you receive from a retirement plan or IRA can be “rolled over” by depositing the payment in another retirement plan or IRA within 60 days. Birch Gold Group: Great selection of precious metals. There are two ways to roll over your Roth 401(k) into a different account and satisfy the five-year rule. Hardest part is finding the right forms and where to. The IRA annual contribution limit is $6,500. Receive the funds in your new gold IRA in. The rollover could involve transferring the money to. Reviewing your 401 (k) and ensuring its eligibility for rollover: One of our IRA Specialists will review your 401 (k) to determine its rollover eligibility and assist you with all necessary paperwork. 4 Must have separate accounts. Finding a reputable gold IRA company. I’ll give you the short answer right now: you should probably roll over your 401 k plan from your previous employer to your new one. You're not satisfied with your 401 (k) investment options. A set percentage the employee chooses is automatically taken out of each paycheck and invested in a 401k account. When considering a rollover of your 401k to a Gold IRA, there are several key benefits to keep in mind. Rolling over your 401 (k) to a traditional IRA is simple. Four 401(k) rollover options. 60-Day Rollover Rule. Only if you take out more than the RMD then the additional amount may be converted. The traditional IRA was opened as a rollover approximately 5 years ago, from a 401K after leaving the company. The type of account changes from a 401 (k) to an IRA. A 401k to Gold IRA Rollover can offer investors various potential benefits, including increased exposure to physical gold and other precious metals. Employees who choose to participate in the plan can contribute to their personal 401 (k) account, up to the annual contribution limit. A study found that as of May of 2021, a whopping $1. , offers a rollover IRA option that’s worth considering if you want to move money from an old 401 (k) or 403 (b). Roll Over Your Existing 401(k) to a new 401(k) A 401(k)-to-401(k) rollover is a possibility if your new employer also offers a 401(k) plan and the new plan accepts roll-ins. Roll over the account into an IRA. Roll over the entire amount: The simplest way to complete a rollover from an after-tax 401 (k) to a Roth IRA would be to move the entire amount out of your workplace plan. My prior employer's 401 (k) account value is $00. In both cases, follow the instructions that the corresponding institutions have for rolling over your 401k plans to the funds provided by them. Pros: You don’t have to do anything right away. The simplest way to roll your 401 (k) balance into an IRA is by having your 401 (k) administrator make a payment directly to your IRA. An IRA rollover is when you have an old 401 (k) plan that you roll over into an IRA. 00. But this special rule doesn’t. As the Precious Metal IRA Specialists, Birch Gold Group’s qualified IRA department can help you every step of the way in transferring your 401k to a gold IRA, including taking care of all the paperwork. Second, you could create a self-directed IRA to buy a rental or start a business. Providing you are not retiring and are continuing to work, you can continue investing pre-tax funds into your 401 (k) and allowing the principle to grow tax-free, just as you did up until that point. Depending on what your investment objectives are, I consider Goldco, Augusta Precious Metals and Birch Gold as three of the best choices you have out there. The 60-day rollover rule is one of the many traps that lie in wait for investors rolling over a retirement account such as a 401 (k) or IRA. 3. Find out more about the process involved in rolling over an old 401(k) to a new IRA. an IRA) makes a lot of sense. My Schwab branch will take a paper rollover check. Even the biggest blue chips can fall over a lifetime -. **Say "Thanks" by clicking the thumb icon in a postAlong with helping active employees to save for retirement, 401 (k) plans can be an important source of income for retirees who have stopped working—if employees don't roll over their assets. How do I roll over my 401(k) into an I. A rollover from a 401 (k) into an IRA is not considered a contribution, so there are no limits on the amount that can be rolled over, and the rollover will not affect the amount you can contribute to the 401 (k) that year. Be very sure, though, to emphasize that you want a “direct rollover,” meaning you’re moving the funds directly from one retirement account to another. Our Dallas and Fort Worth 401k rollover experts can help. Another option is to roll over your 401(k) into a Roth IRA. These include not being. Individuals can contribute up to $6,500 to an account in 2023, and workers. The first option is to take no action at all. plans. gold crown management 401k. Login & Support: 401k Plans Login. Lastly, some plans actually allow you contribute both Roth and Traditional funds. Colorado Public Employees’ Retirement Association PO Box 5800, Denver, CO 80217-5800 800-759-PERA (7372) • copera. If you roll over your 401(k) to another qualified plan (another 401(k) or 403(b)) you can avoid taxes and penalties entirely. You can roll your 401(k) account into an IRA at: A mutual fund company, A discount brokerage firm, or; A full service brokerage firm. MissionSquare manages and administers 457, 403 and 401 retirement plans exclusively for the benefit of public sector employers and employees. IRAs are not - in most states you have to declare bankruptcy to protect an IRA from creditors, and even then only the first $1. 09/07/2023 at 6:08 am. Planned Retirement AgeThe age when you plan to begin withdrawing money from your retirement account. It’s $7,500 for IRAs. Direct rollover. When you roll over your old retirement account into an IRA, you can preserve the tax-deferred status of your retirement assets without paying current taxes or early withdrawal penalties at the time of transfer. “In other words, that extra percentage point. A reverse rollover involves moving money from an individual retirement account (IRA) into a 401(k) or other employer-sponsored retirement saving plan. Lump-sum distribution after taxes and penalties: $ 1,015,094. A self-directed 401k exists but it takes a lot of work, requires. S. For a free Gold IRA Rollover E-book follow the link. Quick steps to complete and e-sign Prudential 401k rollover form online: Use Get Form or simply click on the template preview to open it in the editor. — July 12, 2021 — Formerly ICMA-RC, the company announced today its rebrand to MissionSquare Retirement—a move designed to further reflect its mission to help public employees achieve a more secure and confident financial future through retirement plans, investment options, and personalized service and advice. This date allows ADP to track your contribution forKeeping multiple 401 (k) plans in too many locations can make it easy to forget about one – and it makes it harder to see whether you’re on the right track toward accomplishing your retirement goals. A 401(k) is a qualified profit-sharing plan that allows employees to contribute a portion of their wages to an individual. No contributions have been made to the. You're satisfied with your former employer's 401 (k) plan. As a result, it would be subject to a 10% penalty if you are under 59 ½. Move it into a new 401k plan. Once you have opened your gold IRA, you will need to complete the necessary paperwork with the custodian that manages your new account. Here's a complete overview of your 401(k) rollover options. 1050 Crown Pointe Parkway Atlanta, GA 30338. There are five basic options for what to do with your Principal 401k: Leave it in the old 401k plan. Now if you wanted to indirectly roll over the full $10,000 value of the account, you’d have to find another $2,000 cash to put with the $8,000 check to make up for the withheld amount. e. Rollover and convert to a Roth IRA. Crown Holdings 401k Rollover Kit Contents: Crown Holdings 401k Rollover Certification Forms Retirement Plan Distribution Guide Retirement Plans Comparison Chart IRA. Gold has long been considered a valuable and stable investment option, particularly in uncertain economic times. 231 outside of Crown Point. About 50 percent of employees save less than $5,000 per year for their retirement. C. 1. Plus, the IRS treats the additional rollover as an excess. It wouldn't hurt to include a note with all the account info, but don't skip the writing on the check itself part. Preventing your immediate eviction from or foreclosure of your primary residence. And like 401 (k)s, you’ll be penalized for dipping into this account prior to 59 ½. Since then, the laws have changed to allow SIMPLE IRAs to receive roll-ins from employer-sponsored retirement plans, like traditional 401 (k)s. Derek. government to help workers save for retirement. Pay attention to what type of rollover your old provider offers. In this example, Pew estimated that over 25 years, the 401 (k) account holder would have $217,553 in retirement savings, with $27,233 in total fees. Resources Alight* Employees May Enjoy. And when you’re ready to learn more, give us a call at (800) 355-2116. You can invest in broad market indexes so you are not dependent on Company B for both your income and retirement. Rolling your money over into an IRA can reduce the management and. If your employer’s 401(k) plan allows you to roll IRA money into it, you can move. Best 401(k) rollover options; Get guidance. Your old employer might not communicate with you effectively regarding your 401(k) after you leave the company, leaving you. 1. TSP Account Number. You can. If you already have an IRA, you may be able to consolidate your 401 (k) into this IRA, or you can create a new IRA for the money. A benefit of an IRA rollover is that when done correctly, the money keeps. To initiate your rollover, you’ll need to contact Empower Retirement, LLC, which as of April 1, 2022, is the new point of contact for Prudential Financial 401(k) administration. 1. Getty. Assuming a $50,000 investment in an all-stock. Individuals can contribute up to $6,500 to an account in 2023, and workers. In a traditional 401 (k), contributions are. You’ll want to ask for a direct rollover, and your administrator might. The Internal Revenue Service offers more information on tax scenarios as well as a rollover chart. P. Even the biggest blue chips can fall over a lifetime -. Many employers will give you an option to rollover both or one or the other. If you roll over Roth 401k to Roth IRA, you can immediately access the contributions without penalty. In that case, you can open both a. For 2022, you can contribute up to $20,500. 02. Forgot your account number or user ID? My Account, Plan Participation, Investment Funds, Planning and Tools, Life Events and. This includes only money you originally contributed to your Roth IRA or another designated Roth account such as a Roth 401k, Roth 403b, etc. An indirect rollover technically takes longer than 60 days to complete because 20% of the rollover amount is withheld by your old plan provider. And that’s considered to be $70,000 of contributions ($40,000 + $30,000) and $80,000 of earnings ($60,000 + $20,000). If you choose a traditional IRA, your money will continue to grow tax-deferred, meaning you won't pay taxes on the rollover. 401 (k) Contribution Limits. 35% annual fee. Rollover: A rollover occurs when reinvesting funds from a mature security into a new issue of the same or a similar security; transferring the holdings of one retirement plan to another without. This will allow all tax-deferred income earned in this account to continue being deferred. If you aren’t putting at least 5% of your income into your TSP, to maximize the matching contributions from your agency, you’re turning down free money. The following are other retirement planning options that involve a 401(k) rollover. 3. The highway was closed between. In 2023, you can contribute up to $6,500 across all your IRA accounts ($7,500 if you’re 50 or older). A 401k to Gold IRA Rollover can offer investors various potential benefits, including increased exposure to physical gold and other precious metals. Also, there's no assurance that one would have a current 401k to roll into in the future, or a 401k that would allow roll-ins. CROWN POINT — Two people were seriously injured in a rollover crash near Crown Point Monday morning. There are several reasons for rolling over your 401(k) after leaving an old job—for example:. Surviving spouses can simply take over. You roll your 401k when at the top of the market when you are 100% up into another IRA of like funds -- you are at the same point from one account to the other. Think of the reverse. This information will come in handy later when you contact T. 5. As a reminder, workers aged 50 and older can contribute an extra $7,500 to their accounts after they've hit this year's $22,500 annual contribution limit. IRA Rollover to 401 (k) If your survivor is inheriting retirement funds in an IRA, the rules are similar, but are also subject to an employer’s guidelines. These include: Increasing the ability to borrow: One advantage of rolling the funds to the current employer plan is, since most 401 (k) and 403 (b) plans offer participants the option to borrow from their accounts, combining accounts with the new employer plan may increase the amount available for plan loans if needed. Roth IRA contributions are not tax-deductible, but the money you put in does grow tax-free, and you can tap this money in retirement without the tax hit. You can invest in broad market indexes so you are not dependent on Company B for both your income and retirement. And if you withdraw (not roll over) the money before age 59 1/2, you’ll still be subject to taxes and early withdrawal penalties. The rules for rollovers to an IRA are the same as the 401 (k) rollover rules. The 4-Step 401k to Gold IRA Rollover Guide. Roll over the account into your new. If fired, you lose your right to any remaining unvested funds (employer contributions) in your 401k. Note though that retirement accounts are always individually-held, so if you split-up at some point, that partner takes those funds with them unless some judge says otherwise. See if a 401(k) to Roth IRA rollover is the right retirement plan for you. Not all 401 (k) plans are prohibitively. 401(k) plans and investment choices. A Fidelity 401k rollover involves transferring. Learn About. Most people rollover their 401ks into an IRA, solo 401k, or a new 401k with their next employer. Get the free mobile app. If you’re rolling over Roth assets, you’ll need a Roth IRA. I know I will need to complete a Form 8606 to report this conversion, but the form requires a "total basis". You are not contributing at least 5%. People rolling over a 401(k) won’t mind the small transaction fee. 6. Office: (847) 797-9876. More than $600 billion was rolled over from 401(k)s to IRAS in 2020, according to the Secure Retirement Institute, and the SRI estimates that within five years the annual rollover amount will. To initiate. This should be done automatically with your new brokerage firm but it's best to call them and let them know what you wish to happen. You must pay taxes on withdrawals from a Roth IRA, which appears to be a pretty honest positive point. Fees: Fidelity Rollover IRA: No annual, opening, or closing fees; Fidelity Go Rollover IRA: 0. Contact Us. You might be required to roll over your 401(k) if: • You don’t meet a minimum balance requirement. 3M can be shielded. This may include the new Roth IRA’s provider’s name, account number, and address. If you’re over fifty, the IRS allows you to make “catch-up” contributions since your retirement age is approaching. Wait for the funds to be transferred: The process of transferring funds can take several weeks, so be patient. But they won't take effect until 2026. Bottom line,. Rollover from a 401(k) to an IRA: You have two options when you roll over funds from a 401(k) to an IRA: Direct rollover: The funds are transferred directly from the 401(k) administrator to the. There are some reasons rolling your old 401k into an IRA might be a good idea. This is where borrowing money from your retirement plan during the 60-day window tax- and. Contact Your Current Plan Administrator and New. 4 options for an old 401 (k): Keep it with your old employer's plan, roll over the money into an IRA, roll over into a new employer's plan, or cash out. It offers both. Gold 401k: Converting Your 401K into a Gold-Backed IRA. (These options will change in. Are you taking care of your 401(k)? Investopedia says more than 80 million workers actively participate in their 401(k)s, holding more than $5 1/2 trillion in assets. Gold has long been considered a valuable and stable investment option, particularly in uncertain economic times. In general, 401 (k) accounts offer better protections from creditors than IRAs. With Birch Gold, for a rollover to occur, you need to have an account value of at least $10,000. Answer: For many savers rolling over your 401 (k) into your new employer’s retirement plan or an individual retirement account (a. The simplest option is to keep your money right where it is. The indirect rollover is where you take control of the funds to roll over the money to a retirement account yourself. Here’s how to buy gold with 401 (k): 1. 9 employers over the course of his or her career, according to the Employee Benefit Research Institute. Potential downsides include higher IRA fees, no loan options, no early withdrawals at 55, and possible delay in resuming 401 (k) contributions. After your account is open, you will need to fill out a transfer form to move the money from your previous 401k account to the. Washington, D. Open a. Get your employees on the right path to retirement with helpful tools and resources, including: 1. Step 1 Select an eligible Vanguard IRA for your rollover*. Arlington Heights. Morgan is committed to making our products and services accessible to meet the financial services needs of all our clients. Ask the brokerage and your 401 (k) administrator about the transfer process. In-service 401 (k) rollovers let you transfer 401 (k) funds into an IRA without switching jobs, offering more investment options and potential fee reductions. The average 401(k) participant has 9. P. 4 When employees understand their retirement plan benefits, they’re more likely to enroll and use those benefits to their full potential. When you switch jobs or retire, you may have the option to roll over your 401k plan into an Individual Retirement Account (IRA) or a new employer's 401k plan. You're not satisfied with your 401 (k) investment options. A 401k is a retirement savings plan that most employers offer. workers have left behind 29. You are 100% invested in the G Fund. There are two ways to roll over your 401 (k): direct and indirect. In practice, when you roll funds over from a 401k to a Roth IRA, you must first transfer the funds into a traditional IRA and then into a Roth IRA using the backdoor Roth conversion process. Contact Your New Retirement Account Provider: Reach out to your chosen retirement account provider and inform them about your intention to rollover your 401k from Empower Retirement. It's not very likely that someone has enough income to be above the Roth IRA limits without having access to a 401k. 1. • Retirement account protection. 2. If you have a Roth 401(k) or 403(b), you can roll over your money into a Roth IRA, tax-free. A 401(k) rollover into a Roth IRA can help high-income earners save for retirement. Provide IRA custodian information: Give your old employer’s 401 (k) plan administrator the IRA custodian’s name, address, and account information, so they know where to send the funds. g. Completing a 401 (k) rollover to a new 401 (k) plan is very simple. 8/5) Goldco: Great Buyback Program. 5 years of age you can roll over funds from a 401k to a rollover IRA if your employer’s 401k plan allows “in-service distributions. There is no tax withholding, no taxes and no penalties. You roll the Roth 401 (k) into your Roth IRA. If your plan permits you to roll-over all or some of your 401k account into an annuity, then even though you're not yet age 59-1/2, the roll-over would be tax free. An IRA is a valuable retirement plan created by the U. Consider your investment preferences. 2 million accounts holding a total of $1. Start completing the fillable fields and carefully type in required information. There are two ways to roll over your 401 (k): direct and indirect. The Surviving Spouse 401k Rollover. Option 2: Do nothing and leave the money in your old 401 (k). Financial advisors no doubt have reinforced that trend, with rollovers. Leaving Your 401k With The Former Employer. Rollover your 401k or IRA that is current to some silver and gold IRA. 401 (k) Rollover Step 1: Know Your Options. S. In the grand majority of cases, you'll need to have. Additionally, your previous employer can require you to withdraw your funds once you reach the plan’s retirement age. Option 4: Roll over the funds into an IRA. However, you’ll have to meet the minimum deposit requirements. The IRA annual contribution limit is $6,500. And it's something I highly recommend if you can afford it. It is unlikely that you can undo the rollover and put money back into the 401 (k) plan sponsored by your ex -employer, and even more so if your departure was acrimonious. Once you’ve made a choice about which account will receive the funds, make sure it’s activated and that you have the account type and account number available. IRA Rollover Rules. Aug 29, 2023. Mon Jan 30, 2023. Now, to pull back a little bit, just in case. 35 trillion in assets were “forgotten” in old 401 (k) plans left behind by employees at their former employers. 5. Lower Fees and Costs. • Rule of 55. What distinguishes a Direct Transfer from a Direct Rollover, though, is that the accounts in a Transfer must be ‘like’ accounts (e. By clicking on the App Store and Google Play icons, you're going to be taken to your app store. You can rollover some or all of your traditional 401(k) balance into a gold IRA. Choose a trustworthy self directed custodian. However, the amount you convert will be. IRA plans. Learn how to preserve your tax benefits and avoid any penalties. Cash out the plan (the funds will be taxed as normal income and you'll be hit with the 10% early withdrawal penalty) Roll over the old plan funds into a new. Nothing in the IRA is considered to be. Here’s what this means: Say you’re 25 years old, had an income of $50,000 last year and now you’re going to roll over your previous 401 (k) with $2,000 into a Roth IRA. S. Step 3: Contact Fidelity and Ask for a Direct Rollover. 4 Step 401k to Gold IRA Rollover Guide. You can make an indirect rollover with all or SOME of the money in your account. 's 401k plan is with Principal Financial Group with a total asset size of $4,054,971 as of 2009. You will need to contact your 401k plan administrator and start the 401k rollover. For many employees, what to do with a 401 (k) plan at retirement has been a foregone conclusion: Roll it over. But with a 401 (k), you are forced to invest in whatever your 401 (k) plan offers. A reverse rollover involves moving money from an individual retirement account (IRA) into a 401(k) or other employer-sponsored retirement saving plan. Wait for the funds to be transferred: The process of transferring funds can take several weeks, so be patient. You can transfer part or all of your 401K funds into the precious metals IRA. You’ll want to ask for a direct rollover, and your administrator might. And while you will not incur any 401k rollover fees, you will suffer other setbacks. Checks get processed separately from notes and if the only info about your account is in the note, that will add delay to the check processing. Rollovers of the entire balance are most common, although you may roll over a partial amount. Consider doing nothing. Using the 60-day rollover option, the check is made directly to you. Opening a gold IRA account with a self-directed custodian. Known as a rollover, it’s not limited to 401 (k)s either. CROWNPOINT CABINETRY CORP. If your plan permits you to roll-over all or some of your 401k account into an annuity, then even though you're not yet age 59-1/2, the roll-over would be tax free. See how ADP® can help you create a retirement plan that is smart and easy for your business. To log in your CROWNPOINT CABINETRY CORP. 2 million accounts holding a total of $1. Still, to avoid paying taxes and penalties, you will want to keep that money in your current plan if your employer allows it, roll it over into a new IRA, roll it into an existing IRA, or move it into another 401(k). 0 includes reforms that expand retirement coverage and savings. Retirement plan (non-IRA ones) have a mandatory tax withholding of 20%. The first is an account application to open your new account with a new employer-sponsored 401k plan or a brokerage account for a self-directed IRA. · 401k-type plans are controlled by your ex-employer not. Existing IRA holders may be able to consolidate their IRAs into a single account. See full list on bankrate. Driven by increased job-switching amid the "Great Resignation," the number of forgotten 401(k). Money that’s transferred into an IRA or new 401 (k) during a rollover does not count toward your annual contribution limit. IRA plans. Treasury. These are withdrawn tax- and penalty-free at any time, for any reason. The total amount transferred will be taxed at your. 2. In a traditional 401 (k), contributions are made pre-tax, whereas in a Roth 401 (k), contributions are taxed up front. A 401k rollover is a process of transferring your retirement savings from one qualified plan to another without incurring any tax penalties. Same with a down market. Step 1: Set up your new account. Rolling a 401(k) into an IRA with a mutual fund company can be a good choice. The first bit of information Vanguard needs is an approximate amount of your Rollover IRA transfer, whether or not it is a Roth 401k, and the location of the funds (e. To move your 401 (k), you might need the distribution forms for your old provider. This gives you more control and flexibility when looking for specific investment vehicles while keeping costs low. 401k Rollover Options. This would be in contrast to an orphan 401K rollover which is where you roll your retirement assets from a former employer into a new employer’s 401K or into an IRA plan. There are two types of contributions in the context of retirement plans: employee salary deferral contributions, and employer profit-sharing contributions. Despite the favorable legislation, not all employer-based. With an indirect rollover, your 401k plan trustee disburses a check to you, in the amount of your 401k funds that you want to invest in your Gold IRA. Here's how to decide what to do with your 401 (k) when you retire: You can start 401 (k) distributions without penalty after age 59 1/2. The "General Information on Rollovers" the bot provided has lots of relevant information to you, read it carefully. 1. Account minimum: None. g. Online Access Guides for 401(k) accounts and Equity Awards. However, this would be considered a "Roth conversion," so you'd have to report the money as income at tax time and pay ordinary income tax on it. For instance, if you’re single and your MAGI is $142,000. Initiate the Rollover: Once you have the. Rollover your 401k or IRA that is current to some silver and gold IRA. Capitalize, a company that helps individuals roll over their employee-sponsored retirement assets, estimates that U. The old plan administrator should issue you a Form 1099-R. Hardest part is finding the right forms and where to. For higher-income workers aged 50 and over who want to make extra "catch-up" contributions to employer-sponsored retirement plans, the rules have changed. Since contributions to a traditional 401(k) are made pre-tax, you’ll need to pay income tax on the amount rolled over. American Hartford Gold: Editor’s Choice – Best Price for Bullion (4. After. You roll the Roth 401 (k) into your Roth IRA. com The biggest advantage of doing a rollover is the simplicity of management afforded by keeping all the funds in one place. 3. If you. $ 126,887. Move the money via a direct trustee-to-trustee. Steps to Roll Over Your 401 (k) Here are the basic steps, with more detail to follow: 1. For 2020, you can kick in up to $6,000. The 60-day rollover rule states that indirect rollovers from a qualified retirement plan or IRA to another qualified retirement plan or IRA must happen within a 60-day window starting from the day funds were withdrawn from the source. This must be. Beware 401 (k) balance minimums. The main issue with 401k is the options available vary and depend on your current employers plan. If you decide to roll over your 401(k) into an IRA, you've essentially have 60 days to do so penalty- and tax-free. Step 1: Decide Which 401k Rollover Option Is Best for You. The first is to roll the Roth 401 (k) funds over into an existing Roth IRA.