401(k)
My client transferred his traditional IRA into his traditional 401(k). The wire transfer was completed today, October 18, 2021. Unfortunately, a little bit of cash was left behind in the IRA. If I submit a request this week to transfer the remaining cash in his IRA to the 401(k), do we have any “once a year” problems?
Permalink Submitted by Alan - IRA critic on Mon, 2021-10-18 18:27
No, the one rollover limitation does not apply to rollovers to or from qualified plans. This limit only applies to IRA to like kind IRA rollovers.
Permalink Submitted by Robert Stinson on Mon, 2021-10-18 22:01
Thank you!