A 401(k)-to-Roth IRA rollover, however, will trigger an immediate tax liability. When rolling over your 401(k) balance into an IRA, there may be a 20% withholding tax applied to that balance.

Master the 401(k) transfer process during a job switch. Learn the steps, alternatives, tax and penalty implications, and your new employer's role.

You can transfer your retirement plan savings directly to a new individual retirement account (IRA) by contacting your financial institution and requesting a trustee-to-trustee transfer. This ...

Rolling your 401(k) over to an IRA the wrong way could cost you big-time in taxes and penalties. It’s worth it to consult a professional first.

You should be able to roll over your 401(k) into a Roth IRA, but be prepared to pay taxes when you make the transition. When you withdraw funds, they won't be taxed.

While Vanguard's newly released "How America Saves" yearly report reveals that Americans' 401(k) savings rates are at record ...

Step 5: Roll over your existing 401k/IRA Next, you’ll need to fund your new IRA, and there are a few ways to do it: an IRA-to-IRA transfer, a 401(k)-to-IRA rollover, or an annual contribution.

It is possible to fund your HSA with money from another type of retirement account, such as a 401(k) or 457 plan. However, these funds must first be rolled into an IRA.