I have an IRA account which contains the transfer from a Pension lump sum distribution. It was transferred into a new IRA account years ago, and no deposits/withdrawal since. I also have an IRA which contains years of deposits that were not deducted, and a trail of 8606 to document this. (of course, there's also some gain, not yet taxed but not much) A third IRA account exists, all pretax.
My understanding is the rules for 'rollover ira' segregation are no longer, that I can transfer all pretax money, full balance of IRAs 1 & 3 and even whatever gain is in IRA 2 into a new 401(k) leaving only post tax money that I can later convert to Roth, with no tax due.
I just hung up with the retirement department at my broker and they said that I can only transfer the "untainted" IRA 1 contents, and no other money to the 401(k).
Am I mistaken that the designated rollover requirement was no longer? The gal on the phone discussed with a co-worker who claimed long tenure and agreed with her the other funds were not eligible to transfer to the
401(k).I trust consensus here over anyone on the phone at most brokers.