QWin 2017 Premier: Rollover IRA account type
David Moore
Member ✭✭
What type of IRA account should be selected when setting up a Rollover IRA Account?
Traditional IRA, Roth IRA, Coverdell ESA, Keogh IRA, SEP IRA, or a Simple IRA?
I know that each of these have different tax laws, so I am trying to set this up correctly to start with. I have rolled over a 401(k) to schwab, and have to select that it is an IRA in order to download transactions. Selecting a 401(k) will not allow me to see the account when attempting to setup on line downloads. I am using Quicken 2017 Premier.
Traditional IRA, Roth IRA, Coverdell ESA, Keogh IRA, SEP IRA, or a Simple IRA?
I know that each of these have different tax laws, so I am trying to set this up correctly to start with. I have rolled over a 401(k) to schwab, and have to select that it is an IRA in order to download transactions. Selecting a 401(k) will not allow me to see the account when attempting to setup on line downloads. I am using Quicken 2017 Premier.
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Comments
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A 401(k) is a tax deferred account and rolls over into a tradition IRA.0
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Perfect. I was thinking that, but just wanted to be sure. Thank you so much for the quick response.0
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