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#837571 - 10/18/07 05:38 PM Changing of IRA
ropingbanker Offline
100 Club
Joined: May 2006
Posts: 140
Out West
Hello all,
I"ve searched for this and can't find anything. I was wondering I know we can transfer a 401K Retirement Fund into an IRA. I was wondering if we could transfer an IRA back to a 401K. And without any penalities for the account owner.
Thanks in advance.

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#844448 - 10/29/07 05:56 PM Re: Changing of IRA ropingbanker
BowlingQueen Offline
Power Poster
Joined: Mar 2007
Posts: 2,920
Wisconsin
To first clarify, the transaction would actually be a Rollover, whether it was coming from the 401(k)or go to the 401(k). Transfers can only be done from the same type IRA to IRA.

It would then mostly depend on your custodial agreement with the IRA owner and whether the Qualified Employer Plan allows it. Normally the IRA owner would consult with the plan administrator to determine whether it can allow the transaction, as we should not give that type of advice.

Hope that helps....a little late.
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