Do you have money in another retirement plan, and want to move it to your Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is.

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Presentation transcript:

Do you have money in another retirement plan, and want to move it to your Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Talk to your financial advisor about allowable transfers and rollovers, as this information changes frequently. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Here’s a quick generalization of the current transfer rules: This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

If you have existing retirement plan assets, you can quite probably transfer those assets into your Strategic Affluence 401k… Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

You are generally allowed to rollover any retirement account into your Strategic Affluence 401k with the exception of a Roth IRA. Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Why is this not allowed? Many people ask this question, and the best answer is: It’s just the IRS rules… Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

If your account is qualified to transfer into your Strategic Affluence 401k, simply fill out the documentation required by your present custodian. Then deposit those funds into your Strategic Affluence 401k and document the source of the funds. Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

When transferring an IRA into your Strategic Affluence 401k, your IRA custodian will quite certainly file a form with the IRS which claims that your funds have been “rolled over”. IMPORTANT WARNING This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

This is fine and correct. However, it is critical that your tax returns be filed properly (including any penalties), showing that a rollover was completed on your behalf to your Strategic Affluence 401k. Otherwise… IMPORTANT WARNING This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

…all the IRS will know is that your funds have been released to you, but they will not know that those funds have been re-deposited into a qualified retirement plan (as is required). IMPORTANT WARNING This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

This can lead to an unexpected “love letter” from the IRS when they come to believe that you’ve taken your IRA distribution and not re-deposited it into another plan! IMPORTANT WARNING This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Also note that, after 2010, a little-known rule was put into effect that now allows traditional 401k’s to be rolled over to Roth 401k’s, which applies to the Roth “partition” of your Strategic Affluence 401k as well. Transferring Existing Assets This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

The transfer and rollover of retirement funds can be complicated, but in general the best path is to consult with your tax advisor to see if the IRS allows transfer or rollover from your type of account to a 401k. If so, you’re ready to make a transfer/rollover! Conclusion This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at