Personal Investments • What to do with small after tax amount in 401k

I assume I cannot just deposit the $700 in an existing Roth. If that is correct, a Roth conversion seems like a lot of heavy lifting for the amount involved. It would also involve another provider, which would add a layer of complexity (again, considering the amount).

You can use your existing Roth. If they have not yet given you the money, have them roll it to your current Roth IRA.

If they have already cut the check made out to you, you can make a contribution of the $700 to your existing Roth IRA within 60 days and inform the custodian (often via a rollover form) that it is a rollover contribution.

Or just put it in your checking account if you prefer.

Statistics: Posted by Clarky — Fri Jul 12, 2024 11:13 am — Replies 12 — Views 605