Jason1975

I have no other IRAs. I understand this is also an option but really just wondering about the tax/penalty ramifications, if any, of getting the after tax amount sent to me in a check.

A bit more info on this - Yep - I held the money in the account for 17 years after I left but was getting good returns on a yearly basis. However, the company is terminating the plan effective the end of this month so I'm reviewing my options of basically either rolling it over to my current employer or, if I take no action, the plan is automatically rolled over to another fund company to manage it. Based on my cursory review of the fund company they are rolling over to, I'd rather roll it into my current 401K plan.

Non-taxable meaning After-tax I'm 44 years old. I stopped working at my old employer in 2003 - 17 years ago. Unsure on when exactly starting having non-taxable money in my account but believe it was 1997 when I first started with the company. Cannot tell by reviewing the 401K online as the history info only goes back to 2012. My previous employer did offer match at the time. For my current employer, it would be the first non-taxable money contributed to my current 401K.

Hello All - I have a question regarding 401K rollovers from a previous employer to a current employer: I have $50K of funds in my previous employer's 401K program that I want to rollover to my current employer's plan. $40K of the funds are Taxable and $10K are Non-Taxable. I have the option of rolling over the total ($50K) to my current employer but also have the option of rolling over the $40K Taxable to my current employer and getting the $10K NonTaxable distributed directly to me. If I were to pursue this option of rolling over the $40K Taxable to my current employer and getting the $10K NonTaxable distributed to me, would I be on the hook for any early withdrawal penalties/additional taxes on the $10K once I cash the check? I understand it would be beneficial to roll the NonTaxable over, too, since I confirmed my current employer's plan would accept it AND I wouldn't pay taxes on it later but I could also use the cash right now. Appreciate any input from the forum members. Thank you.