Join us at 1 p.m. ET Thursday for an AARP Coronavirus Tele-Town Hall on managing your money. Learn more.
AARP Bulletin, November 1, 2008
Q. I have a 401(k) retirement savings plan from a previous employer and a 403(b) from a current employer. I am in the process of changing jobs in the next six weeks. Can I roll both into a new 401(k) sponsored by my new employer?
A. Yes, you can roll both plans into your new 401(k) as long as each of the plans permits that. Check with your new employer, your current employer and the documents of the old 401(k) plan for guidance.
At one time, you could not have rolled over the 403(b), but that restriction has been dropped.
For more information on retirement account rollovers, see IRS Publication 575, “Pension and Annuity Income,” at www.irs.gov/pub/irs-pdf/p575.pdf.
Source: John Turner
Please leave your comment below.
You must be logged in to leave a comment.
AARP Members get $2 off Audible’s monthly membership
Members save 15% all day, every day at participating locations.
Exclusive program for members from The Hartford.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at