Jae Bratton

The year is 2022. I had just been hired by NerdWallet, and I decided that it was time to get all of my retirement accounts from my former employers into one. I had two old ones from, like I said, two previous employers, and I wanted to move them into one financial institution, the one that was already holding my husband's and my Roth IRAs.

The year is 2022. I had just been hired by NerdWallet, and I decided that it was time to get all of my retirement accounts from my former employers into one. I had two old ones from, like I said, two previous employers, and I wanted to move them into one financial institution, the one that was already holding my husband's and my Roth IRAs.

The year is 2022. I had just been hired by NerdWallet, and I decided that it was time to get all of my retirement accounts from my former employers into one. I had two old ones from, like I said, two previous employers, and I wanted to move them into one financial institution, the one that was already holding my husband's and my Roth IRAs.

I used a service which facilitates the rollover process for free. And even though I didn't need this particular feature, it also helps you find old 401ks that you may have forgotten about.

I used a service which facilitates the rollover process for free. And even though I didn't need this particular feature, it also helps you find old 401ks that you may have forgotten about.

I used a service which facilitates the rollover process for free. And even though I didn't need this particular feature, it also helps you find old 401ks that you may have forgotten about.

Right.

Right.

Right.

The first rollover, I would say, was a little bit more straightforward. I moved about $21,000 from a Roth 401k from a former employer into that Roth IRA that I said I had already had at that particular financial institution. I was able to roll that $21,000 in my old Roth 401k into my current Roth IRA because both investment accounts are after tax.

The first rollover, I would say, was a little bit more straightforward. I moved about $21,000 from a Roth 401k from a former employer into that Roth IRA that I said I had already had at that particular financial institution. I was able to roll that $21,000 in my old Roth 401k into my current Roth IRA because both investment accounts are after tax.

The first rollover, I would say, was a little bit more straightforward. I moved about $21,000 from a Roth 401k from a former employer into that Roth IRA that I said I had already had at that particular financial institution. I was able to roll that $21,000 in my old Roth 401k into my current Roth IRA because both investment accounts are after tax.

And that just means I had already paid tax on the contributions. And the big benefit of that is I get to make withdrawals and retirement tax free. Now, when you do rollovers, it is possible to roll over a traditional 401k into a Roth IRA, but you will have to pay taxes. Accounts have to be tax compatible if you want to avoid paying penalties.

And that just means I had already paid tax on the contributions. And the big benefit of that is I get to make withdrawals and retirement tax free. Now, when you do rollovers, it is possible to roll over a traditional 401k into a Roth IRA, but you will have to pay taxes. Accounts have to be tax compatible if you want to avoid paying penalties.

And that just means I had already paid tax on the contributions. And the big benefit of that is I get to make withdrawals and retirement tax free. Now, when you do rollovers, it is possible to roll over a traditional 401k into a Roth IRA, but you will have to pay taxes. Accounts have to be tax compatible if you want to avoid paying penalties.

Exactly. I was able to grow the balance in my Roth IRA while still playing by the rules that govern annual contribution limits. And the contribution limit for Roth IRAs is pretty low comparatively, especially like when you compare it to a 401k. That was just a nice perk.

Exactly. I was able to grow the balance in my Roth IRA while still playing by the rules that govern annual contribution limits. And the contribution limit for Roth IRAs is pretty low comparatively, especially like when you compare it to a 401k. That was just a nice perk.

Exactly. I was able to grow the balance in my Roth IRA while still playing by the rules that govern annual contribution limits. And the contribution limit for Roth IRAs is pretty low comparatively, especially like when you compare it to a 401k. That was just a nice perk.

For the second rollover, again, from another former employer, this time I was moving about $25,000 from a 403B into a traditional IRA.

For the second rollover, again, from another former employer, this time I was moving about $25,000 from a 403B into a traditional IRA.