My husband has $4.5 million in his IRA - should we roll it over into a 401(k)?
Briefly

from 24/7 Wall St.1 month ago
Moving funds from a traditional IRA to a Roth IRA is popular to minimize future taxes, but converting an IRA to an individual 401(k) can yield better asset protection.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/31/my-husband-has-4-5-million-in-his-ira-should-we-roll-it-over-into-a-401k/
Solo 401(k) plans allow you to protect any amount of cash from bankruptcy, while IRAs are limited to just over $1.5 million.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/31/my-husband-has-4-5-million-in-his-ira-should-we-roll-it-over-into-a-401k/
You can take out a loan against your 401(k) plan, which isn't allowed with an IRA, offering additional financial flexibility.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/31/my-husband-has-4-5-million-in-his-ira-should-we-roll-it-over-into-a-401k/
Assessing the likelihood of bankruptcy is crucial; a high-value portfolio like $4.5 million suggests finances may be stable, reducing the justification for a move.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/31/my-husband-has-4-5-million-in-his-ira-should-we-roll-it-over-into-a-401k/
Read at 24/7 Wall St.
#retirement-planning #solo-401k #iras #asset-protection #financial-advice
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