You can roll your 401(k) account into an IRA at: A mutual fund company, A discount brokerage firm, or; A full service brokerage firm. Register as New User Forgot User ID (Employees) Forgot User ID (Sponsors) Forgot Password (Employees) Forgot Password (Sponsors) Help & Support. As a result, it would be subject to a 10% penalty if you are under 59 ½. Keep it where it is. Scroll to Retirement Plans and Social Security; Select the type of income. Account minimum: None. In a traditional 401 (k), contributions are. For 2023, the annual limit for most people is $22,500. Otherwise, they might automatically distribute the funds to you directly (if $1,000 or less) or roll over the money into an IRA (if between $1,001 and $5,000). According to FINRA, if your previous 401 (k) has a balance of less than $1,000, your. 2. Gallery: 10 Moves To Juice Your 401 (k) Perhaps the most egregious of the abuses occur when participants are lured from their 401 (k)s into high cost funds or annuities, proprietary products, or. See if a 401(k) to Roth IRA rollover is the right retirement plan for you. The company has a set procedure to follow for rollovers. If you aren’t putting at least 5% of your income into your TSP, to maximize the matching contributions from your agency, you’re turning down free money. Crown Holdings 401k Rollover Kit Contents: Crown Holdings 401k Rollover Certification Forms Retirement Plan Distribution Guide Retirement Plans Comparison Chart IRA. 's 401k plan is with Principal Financial Group with a total asset size of $4,054,971 as of 2009. The Internal Revenue Service offers more information on tax scenarios as well as a rollover chart. Capitalize, a company that helps individuals roll over their employee-sponsored retirement assets, estimates that U. Here, we'll discuss four reasons you might want to roll over your 401 (k) today. Lots of federal employees like the Government Securities Investment (G) Fund because it feels safe. A QLAC allows you to defer more taxes and buy more retirement income from your 401 (k), rollover IRA or similar tax-qualified accounts. With a rollover IRA, you can buy low-cost index funds and ETFs. That amount will increase to $10,000 starting in 2025 for those. If you don't deposit those funds in time, the money you've received from your old. At 11:15 a. By clicking on the App Store and Google Play icons, you're going to be taken to your app store. The rules for rollovers to an IRA are the same as the 401 (k) rollover rules. 1. When considering a rollover of your 401k to a Gold IRA, there are several key benefits to keep in mind. By rolling. J. You can rollover some or all of your traditional 401(k) balance into a gold IRA. But 401k. It wouldn't hurt to include a note with all the account info, but don't skip the writing on the check itself part. Hardest part is finding the right forms and where to. Transferring it to the new employer's 401k plan if one exists. Lump-sum distribution after taxes and penalties: $ 1,015,094. This may include the new Roth IRA’s provider’s name, account number, and address. The indirect rollover is where you take control of the funds to roll over the money to a retirement account yourself. If fired, you lose your right to any remaining unvested funds (employer contributions) in your 401k. Call American Hartford Gold and speak to your specialist. Using a direct rollover, $55,000. By doing this, the individual can consolidate their retirement. But with a 401 (k), you are forced to invest in whatever your 401 (k) plan offers. You're satisfied with your former employer's 401 (k) plan. An IRA is a valuable retirement plan created by the U. Most rollovers happen when you change jobs, but an in-service rollover is allowed while you still work for the employer sponsoring your 401 (k) plan. A 401 (k) rollover is when you take funds from your current 401 (k) and move them to another approved retirement account, such as a different 401 (k), a traditional IRA or a Roth IRA. 3. But if that account holder chooses an IRA, the fee would jump up to 0. 70 years. Reply. For this reason, a gold IRA rollover is a great way to diversify your retirement portfolio by purchasing some precious metals. The 401(k) rollover time limit is 60 days. And since retirement accounts are individually held, one partner's traditional IRA balance does not force the pro-rata rule on a partner with a $0 trad IRA doing a. The rollover. 401k Rollover Options. IRA distributions can not begin until age 59 ½. If you take a distribution from your 401(k), you must complete the rollover to another eligible retirement account within 60 days to avoid taxation and potential penalties. 0 Act of 2022 was signed into law on December 29, 2022 and builds upon retirement legislation enacted at the end of 2019. It’s $7,500 for IRAs. Employer-sponsored retirement plans sometimes offer restricted investment alternatives. Move it into a new 401k plan. A 401k rollover is when an individual transfers their retirement savings from a former employer's plan into a new retirement account. In a 401 (k), the retiree would pay an annual fee of 0. IRA plans. But this special rule doesn’t. (These options will change in. A 401(k) rollover is a transfer of money from an old 401(k) to another 401(k) or an IRA. Depending on your compensation, you can contribute up to $61,000 to a Solo 401k for 2022. You roll the Roth 401 (k) into your Roth IRA. Otherwise, they might automatically distribute the funds to you directly (if $1,000 or less) or roll the money into an IRA (if between $1,001 and $5,000). Jason Zweig. Certain costs related to buying, or repairing damage to, your primary residence. This information will come in handy later when you contact T. People rolling over a 401(k) won’t mind the small transaction fee. We would like to show you a description here but the site won’t allow us. There are two ways to roll over your Roth 401 (k) into a different account and satisfy the five-year rule. Investors can roll over a 401(k), 403(b), or 457 plan to a Wealthfront traditional or Roth IRA. You can also have your financial institution or plan directly transfer the payment to another plan or IRA. A direct gold IRA rollover is a process by which you roll over an old 401(k) or qualified account into a new gold IRA via the original fund custodian. The first step is to contact the plan administrator of your old 401 (k). , IRA to IRA, 401 (k) to 401 (k), etc. ) $ After-Tax Earnings Earnings from an after-tax source are considered a pre-tax rollover. If you choose a traditional IRA, your money will continue to grow tax-deferred, meaning you won't pay taxes on the rollover. 1. more Excess Accumulation Policy: Meaning, TypesIf the amount in the old 401 (k) is small enough, and your current earned income is small enough, immediately roll over to an IRA with Schwab, Fidelity, or Vanguard and do a Roth Conversion on the entire amount. Still, to avoid paying taxes and penalties, you will want to keep that money in your current plan if your employer allows it, roll it over into a new IRA, roll it into an existing IRA, or move it into another 401(k). Doing this can make sense if you prefer your new plan's features, costs, and investment options. 401k to Gold IRA Rollover. For instance, if you’re single and your MAGI is $142,000. 2. Roll over a partial amount: If your plan allows for partial withdrawals, you might be able to roll over some. These instructions only apply if you’d like to transfer funds into an existing Betterment 401 (k) plan through your employer. 1. If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for. After opening an IRA with a bank or brokerage firm, you’ll use a direct rollover or 60-day rollover to move the money from your 401(k) into the IRA. The best way to do an IRA rollover is with a direct rollover or trustee-to-trustee transfer. Step 3: Contact Fidelity and Ask for a Direct Rollover. 8 million Americans with. This should be done automatically with your new brokerage firm but it's best to call them and let them know what you wish to happen. The IRS allows these types of rollovers, but individual plan rules may vary. Leaving your assets in the 401(k) plan where you retire is an option, but more commonly rolling over your 401(k) to either an IRA or cashing out your assets completely. The SECURE 2. The money is transferred between two IRAs of the same type. So, when you roll over a traditional 401 (k) to a Roth IRA, you’ll owe income taxes on that money in the year when you make the switch. A 401k to Gold IRA Rollover can offer investors various potential benefits, including increased exposure to physical gold and other precious metals. That match may offer a 100% return on your money, depending on the 401(k). Cash Out Your 401 (k) The final option for your existing 401 (k) is simply cashing it out. IRA, 401(k), Pension Plan Withdrawals (1099-R) Social Security (SSA-1099, RRB-1099) Canadian Registered Pension Income; At this point you can edit an existing document of [Add another 1099-R] If a new 1099-R continue to Let's import your tax info; You can. Lizzie Kaboski. A 401 (k) rollover is when you move money from your former employer-sponsored retirement plan into another employer-sponsored retirement plan or an individual retirement account (IRA). Mon Jan 30, 2023. A 401(k) rollover typically happens when you leave your employer, either to retire or to start a new job. The biggest other difference is contributions are capped at $6,000 per year. 1050 Crown Pointe Parkway Atlanta, GA 30338. Lastly, some plans actually allow you contribute both Roth and Traditional funds. In 2023, employees can contribute up to $22,500 to their 401 (k. Best 401(k) rollover options; Get guidance. There are typically two 401k rollover forms you will need to fill out. Your Roth IRA now has $150,000 in it. Gold 401k: Converting Your 401K into a Gold-Backed IRA. Under the current law you cannot transfer Roth IRA assets to a Roth 401(k) or Roth 403b. In this case, you have 60 days to deposit the funds in a qualified account to. plans. Fax: (847) 797-9076. This should be done automatically with your new brokerage firm but it's best to call them and let them know what you wish to happen. However, the amount you convert will be. If you’re rolling over Roth assets, you’ll need a Roth IRA. Contributions to traditional IRAs are tax-deferred. There are two key points here. The first step is to contact the plan administrator of your old 401 (k). 4 Overlook Point Lincolnshire, IL 60069 (224) 737-7000. Fortunately, a rollover IRA doesn’t impact your annual contribution limit to your other IRAs (i. Employee Login Administrator Login. You must pay taxes on withdrawals from a Roth IRA, which appears to be a pretty honest positive point. New job has a shitty 401 (k), it will be a stopgap to another job: roll over old 401 (k) to a Rollover IRA, when you get to the future. Please direct any accessibility issues to the Advisor Service Center at 1-800-338-4345. 215 N. The biggest disadvantage in doing a rollover is that investment options. This is because contributions to a 401k are made with pre-tax dollars, while contributions to a Roth IRA are made with after-tax dollars. The 4-Step 401k to Gold IRA Rollover Guide. And while you will not incur any 401k rollover fees, you will suffer other setbacks. P. Derek. The old plan administrator should issue you a Form 1099-R. 3. Opening a gold IRA account with a self-directed custodian. In addition to being one of the best place to rollover 401k, Fidelity is also an ideal broker to house multiple retirement accounts in one place. Bottom Line. Initiating the transfer of funds from your 401(k) to a gold IRA401k Rollover to IRA. Cashing out: Though tempting, cashing out your 401 (k) plan comes with taxes and penalties, as the funds will be treated as a taxable distribution. 6. . And that’s considered to be $70,000 of contributions ($40,000 + $30,000) and $80,000 of earnings ($60,000 + $20,000). 2. Contact Your New Retirement Account Provider: Reach out to your chosen retirement account provider and inform them about your intention to rollover your 401k from Empower Retirement. But if that money had been rolled over to an IRA, the account. Be very sure, though, to emphasize that you want a “direct rollover,” meaning you’re moving the funds directly from one retirement account to another. Initiate the Rollover: Once you have the. Yes, you can convert a 401k to a Roth IRA. Once you’ve made a choice about which account will receive the funds, make sure it’s activated and that you have the account type and account number available. In this comprehensive guide, we'll delve into. However, you’ll have to meet the minimum deposit requirements. Keep Your Former Employer's 401 (k. Why Do a 401(k) Rollover? A 401(k) rollover is the transfer of funds from an old 401(k) account to a new one or to an IRA. 6. 0 includes reforms that expand retirement coverage and savings. Determining eligibility for a 401 (k) to 403 (b) rollover largely depends on the specific plan rules of both your old 401 (k) and your new 403 (b). Option #1: Leave it in your former employer’s 401 (k) plan, if allowed by the plan. Pros of rolling over into a Roth IRA There are two types of 401k contributions: Employers’ and employees’ contributions. For example, you request a full distribution from your 401 (k), which has a balance of $55,000. It is a very fair assumption that if you have to backdoor Roth IRA that you have a 401k available. Cash out the plan (the funds will be taxed as normal income and you'll be hit with the 10% early withdrawal penalty) Roll over the old plan funds into a new. To log in your Crown Equipment Corporation 401k account, go to Merrill Lynch website and enter you username and password. With an indirect rollover, you only get 60 days to move the funds from your old retirement plan into a new one. Option 4: Roll over the funds into an IRA. 01. Book a FREE consultation. Activate your account. Traditional 401(k) vs. Wait for the funds to be transferred: The process of transferring funds can take several weeks, so be patient. Exceptional customer support. That number increases to $66,000 for 2023. 5. The average 401(k) participant has 9. IRA Rollover Rules. General Inquiry 800-658-9474 401(k) Inquiry 800-458-9111FINRA reminds investors that before deciding whether to retain assets in a 401(k) or roll over to an IRA, an investor should consider various factors including, but not limited to, investment options, fees and. **Say "Thanks" by clicking the thumb icon in a postAlong with helping active employees to save for retirement, 401 (k) plans can be an important source of income for retirees who have stopped working—if employees don't roll over their assets. that was rolled over at some point into your Roth IRA. Here is an IRS summary of allowable rollover transactions: Rollover chart [4] 1 Qualified plans include, for example, profit-sharing, 401 (k), money purchase and defined benefit plans. Step 1 Select an eligible Vanguard IRA for your rollover*. I just did this for my in-laws (move to Ira) and did 2 401k rollovers for my wife. Steps to Roll Over Your 401 (k) Here are the basic steps, with more detail to follow: 1. In both cases, follow the instructions that the corresponding institutions have for rolling over your 401k plans to the funds provided by them. Get your employees on the right path to retirement with helpful tools and resources, including: 1. Direct rollovers from pre-tax 401(k. Consider your 401(k) rollover options. Defend your investments from the unpredictability of the stock market with a silver and gold IRA for Crown Point IN. Leave your funds in your former employer’s 401(k) plan. In the case that your employer isn’t taking care of your 401(k) plan in the way you want them to, you should consider a rollover to an IRA. Maybe I can point out where you can optimize as well, especially if you’re still trying to achieve financial independence. To roll over a 401 k into a gold IRA account, the average cost is 50 USD. Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. gold crown management 401k. Rollover your 401k or IRA that is current to some silver and gold IRA. These are withdrawn tax- and penalty-free at any time, for any reason. In 2023, employees can contribute up to $22,500 to their 401 (k. Learn how to preserve your tax benefits and avoid any penalties. Over 10 years, at 5%, your initial $100,000 balance would grow to $163,000, compared to the $179,000 it would have risen to if earning the full 6%. g. However, the amount you convert will be. A 401(k) plan can be left with the original plan sponsor, rolled over into a traditional or Roth IRA, distributed as a lump-sum cash payment, or transferred to the new employer’s 401(k) plan. In fact, it's an ideal retirement savings scenario to contribute the maximum to both. 65 trillion in assets. To move your 401 (k), you might need the distribution forms for your old provider. Cash Out Your 401 (k) The final option for your existing 401 (k) is simply cashing it out. Commonly offered as part of a job benefits package, employees may save a portion of their salary in a 401 (k) account, subject to. Roll over the entire amount: The simplest way to complete a rollover from an after-tax 401 (k) to a Roth IRA would be to move the entire amount out of your workplace plan. A rollover IRA is a tax-advantaged account that accepts funds from your former 401 (k) or other workplace retirement plan. 3. You may need to set up an IRA first and arrange for your company to transfer funds, or you may receive a check you. CROWN POINT — Two people were seriously injured in a rollover crash near Crown Point Monday morning. When you roll over your qualified retirement plan to either a new 401(k) plan or to an IRA, you’ll receive a 1099-R rollover form at the end of the tax year to report the transaction. Bottom Line. However, if you’re at least 50. Gold has historically held its value and even increased in times of market volatility. Just a reminder, your app store site has its own privacy and security policies. Your old employer might not communicate with you effectively regarding your 401(k) after you leave the company, leaving you. It’s important to check because it can vary depending on the provider. Please refer to the distribution statement provided by prior 401(k) provider for this information. Gold 401k: Converting Your 401K into a Gold-Backed IRA. Then, the. Employees aged 50 and. Unless you’ve made the decision to roll over your 401(k) to a Roth IRA or to cash out your 401(k), the rollover amount should be reported as tax-free (or non. • Rule of 55. For example, if you do a 60-day rollover of $10,000 then $2,000 would get withheld. Since contributions to a traditional 401(k) are made pre-tax, you’ll need to pay income tax on the amount rolled over. User ID. Once you log on to your Vanguard account or open a new account, you can start the process. 4 Must have separate accounts. A Fidelity 401k rollover involves transferring. We are committed to providing accurate, detailed answers to any questions you may have and will be with. Option #3: Roll the account over to an Individual Retirement Account (IRA). Colorado Public Employees’ Retirement Association PO Box 5800, Denver, CO 80217-5800 800-759-PERA (7372) • copera. Beware 401 (k) balance minimums. After your account is open, you will need to fill out a transfer form to move the money from your previous 401k account to the. Roll Over Your Existing 401(k) to a new 401(k) A 401(k)-to-401(k) rollover is a possibility if your new employer also offers a 401(k) plan and the new plan accepts roll-ins. Here are a few things to consider. This will give your new 401k a boost and greater potential for growth. It's then on you to deposit that money into another qualified retirement plan, such as a new 401 (k) or an IRA. Unless you have a very good reason to roll a 401k into an IRA or know you absolutely will never need a backdoor roth the OP advice is a good one. 401k Rollover Options 2022 (Rollover to IRA, to Roth IRA, or to New Employer). Then, the. It takes no more than two steps—as long as you follow the rollover rules. C. I just did this for my in-laws (move to Ira) and did 2 401k rollovers for my wife. Once you have opened your gold IRA, you will need to complete the necessary paperwork with the custodian that manages your new account. The first is to roll the Roth 401 (k) funds over into an existing Roth IRA. Financial advisors no doubt have reinforced that trend, with rollovers. For CUNA Mutual Group employees wanting to roll over their 401(k) and avoid a taxable event, this option makes sense. Bottom line,. Simpler navigation, more information. Rollover IRA: A special type of traditional individual retirement account into which employees can transfer assets from their former employer’s retirement plan when they change jobs or retire. Final Thought - 401k to Gold IRA Rollover. This must be. Anna Ortiz. If you are rolling over funds to an existing 401k, the check is made payable to “Fidelity Investments Institutional Operations Company,” or simply FIIOC, with the same FBO and then your name. Moreover, you will not be subject to any tax penalties when you roll over from a 401 k to a gold. There are five basic options for what to do with your Principal 401k: Leave it in the old 401k plan. Reason #1: Investing in gold can provide a hedge against inflation and economic uncertainty. 2. You roll your 401k when at the top of the market when you are 100% up into another IRA of like funds -- you are at the same point from one account to the other. Roth IRA contributions are not tax-deductible, but the money you put in does grow tax-free, and you can tap this money in retirement without the tax hit. Here’s what to consider before completing a 401 (k) rollover. • 2 mo. 3. Are you taking care of your 401(k)? Investopedia says more than 80 million workers actively participate in their 401(k)s, holding more than $5 1/2 trillion in assets. A 401(k) rollover is a transfer of money from an old 401(k) to another 401(k) or an IRA. Milan Djuric was driving east on the highway when a pickup truck entered his lane. 401k to Gold IRA Rollover. However, a rollover between an individual's Roth IRAs would preclude a separate rollover within the one-year period between the individual's Traditional IRAs, and vice versa. For many employees, what to do with a 401 (k) plan at retirement has been a foregone conclusion: Roll it over. 5 years of age is also a viable option. Both plans have. For Kroger employees, If you have left the company and your account balance is less than $5,000, your former employer may require you to transfer it. S. Most pre-retirement payments you receive from a retirement plan or IRA can be “rolled over” by depositing the payment in another retirement plan or IRA within 60 days. And when you’re ready to learn more, give us a call at (800) 355-2116. 401(k) plans and investment choices. S. 401(k) To 401(k) Some employers allow you to. It typically takes 60 days or less to. If your plan permits you to roll-over all or some of your 401k account into an annuity, then even though you're not yet age 59-1/2, the roll-over would be tax free. 8. If your employer’s 401(k) plan allows you to roll IRA money into it, you can move. If you want the option of rolling eligible assets from your IRA into another employer-sponsored retirement plan in the future. Contact Us. CROWN POINT — A semi rollover caused road closures and traffic backup in the north and south lanes of Interstate 65 Wednesday afternoon, Indiana State. My prior employer's 401 (k) account value is $00. When you roll over your old retirement account into an IRA, you can preserve the tax-deferred status of your retirement assets without paying current taxes or early withdrawal penalties at the time of transfer. A car is damaged after a rollover crash that unfolded Tuesday afternoon at U. Book a FREE consultation. For a free Gold IRA Rollover E-book follow the link. 9 employers over the course of his or her career, according to the Employee Benefit Research Institute. 1. You can rollover a 401 (k) to an online broker or a robo-advisor. You fully own your employer’s contributions to your 401k after a certain period. Sep 29, 2023. Roll over the entire amount: The simplest way to complete a rollover from an after-tax 401 (k) to a Roth IRA would be to move the entire amount out of your workplace plan. 3 million forgotten accounts, have the potential to cost an individual almost $700,000 in lost retirement income savings over the course of a lifetime. first responders were called to a two-vehicle crash with serious. Another advantage of a 401 (k) rollover while still working is diversifying your investments. 403(b) calculator. Taking a lump sum payout may seem enticing, but most financial advisors would caution against it. An in-service 401K rollover is exactly what it’s called, an opportunity to roll your 401K assets into an individual account while you still work for your employer. Direct rollover. Minimum initial deposit: None. The IRS lets you move your retirement savings from one employer-sponsored account to another, or to your individual retirement account (IRA). One key difference is that you can begin withdrawals from a 401 (k) at age 55 without penalty. . For Roth 401(k) rollover amounts: complete the Contribution + Earnings = Total amount sections. 1. Here’s how to buy gold with 401 (k): 1. There is no tax withholding, no taxes and no penalties. 6. Start completing the fillable fields and carefully type in required information. A distribution from a Governmental 457 retirement plan. With a direct rollover, you provide your new retirement account information to the manager of your current plan. The Rollover Chart PDF summarizes allowable rollover transactions. A 401 (k) plan is a tax-advantaged account offered by businesses to help eligible employees save money for retirement. Request funds from your previous 401 (k) plan administrator. Yes, you can roll over a 401(k) into an IRA without a penalty; however, you must complete the rollover within 60 days of withdrawing your 401(k) balance, otherwise, you will be charged a 10% early. Start completing the fillable fields and carefully type in required information. 401k: Withdrawing funds from your 401k before age 59½ will incur a 10% early withdrawal penalty and taxes. Here are five common mistakes people often make with their 401(k) rollovers: 1 – Failing to take action. Providing you are not retiring and are continuing to work, you can continue investing pre-tax funds into your 401 (k) and allowing the principle to grow tax-free, just as you did up until that point. So if you requested an indirect rollover for an account balance of $100,000, you will receive a check for $80,000. k. The type of account changes from a 401 (k) to an IRA. 2. employer’s retirement plan • Tax-deferred until withdrawal • Direct rollovers from 401(k) to IRA will not incur federal income tax • Account fees may be higher than employer-sponsored plan • Tax penalty for early withdrawals before age 59½ • Indirect rollovers may incur 20% federal income tax Transfer funds into your newA direct rollover is easier because the trustee of the 401K sends money directly to the gold IRA custodian. • Retirement account protection. Commonly offered as part of a job benefits package, employees may save a portion of their salary in a 401 (k) account, subject to. They will help you fill out the necessary paperwork to initiate your gold IRA rollover process. ago. For this reason, a gold IRA rollover is a great way to diversify your retirement portfolio by purchasing some precious metals. As the Precious Metal IRA Specialists, Birch Gold Group’s qualified IRA department can help you every step of the way in transferring your 401k to a gold IRA, including taking care of all the paperwork. However, this would be considered a "Roth conversion," so you'd have to report the money as income at tax time and pay ordinary income tax on it. Step 1: Decide Which 401k Rollover Option Is Best for You. As a result, it would be subject to a 10% penalty if you are under 59 ½. Tax rules on withdrawals. For many employees, what to do with a 401 (k) plan at retirement has been a foregone conclusion: Roll it over. com The biggest advantage of doing a rollover is the simplicity of management afforded by keeping all the funds in one place. IRA : The IRS does offer an exception for first-time home buyers. If you have less than $5,000 in the old plan, the employer will cut you a check, and you will have no other option but to roll over to a new 401k or an IRA. As the court noted, the DOL issued a set of FAQs in April 2021, where, among other things, they addressed the point at which advice to roll over assets from an employee benefit plan to an IRA is considered to be on a “regular basis. You may need to set up an IRA first and arrange for your company to transfer funds, or you may receive a check you. 4 options for an old 401 (k): Keep it with your old employer's plan, roll over the money into an IRA, roll over into a new employer's plan, or cash out. Noble Gold Investments: Experienced gold IRA provider. Driven by increased job-switching amid the "Great Resignation," the number of forgotten 401(k). This IRS rollover chart shows that you can roll other SIMPLE IRAs, SEP IRAs, traditional IRAs,. Most plans we see are Traditional 401k plans, which means you can roll over into a Traditional IRA to avoid taxes. Transferring IRA Assets in a Divorce. S. This means that the funds from your 401 (k) will be transferred directly to your new Gold IRA.