Tax Implications of a 401(k) to IRA Rollover?

1,320 Views | 5 Replies | Last: 10 yr ago by Dill-Ag13
Dill-Ag13
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8:09p, 12/22/15
My employer is transferring ownership to a new 401(k) provider in 2016. I've received the investment options in the mail and I'm disappointed in the options.

Are there any tax implications if I roll over my 401(k) into an IRA? Do I lose my cost-basis?


  • Current provider is Fidelity
  • Will hit my max contribution for the year into a Roth IRA

Thanks for the help.
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Mustang1
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8:17p, 12/22/15
Didn't know you could transfer 401k to IRA while still w/ same employer.
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bwynne13
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8:22p, 12/22/15
No, you should be able to roll over into a traditional IRA without tax implications. Unless you move it into a Roth IRA, then your cost basis would be in after tax dollars.
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Dill-Ag13
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In reply to Mustang1 • 8:38p, 12/22/15
quote:
Didn't know you could transfer 401k to IRA while still w/ same employer.
Can I even do it? That should've been one of my questions.
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LostInLA07
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In reply to Dill-Ag13 • 8:50p, 12/22/15
Probably not. Maybe changing providers opens up this opportunity though.
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Harkrider 93
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In reply to LostInLA07 • 8:47a, 12/23/15
quote:
Probably not. Maybe changing providers opens up this opportunity though.
Check with your HR because the above it correct.
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Dill-Ag13
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8:51a, 12/23/15
Ok thanks will do.
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