Oh, and if you happen to be have made a mistake and rolled over a 401k into a rollover IRA, making you ineligible for a backdoor Roth IRA with no tax consequences…there is one workaround you can consider…..
If your current employer’s 401k plan is decent and your current employer’s 401k plan allows it, you can roll in your rollover IRA into your companies 401k plan. Again, the IRS treats the 401k plans differently from IRA accounts. So it doesn’t matter how much money you have in any of the 401k accounts of previous employers.
