Can I rollover between Betterment retirement accounts (401(k), IRAs, etc.)?

Can I rollover between Betterment retirement accounts (401(k), IRAs, etc.)? Yes, you can roll over funds between Betterment retirement accounts, but the process varies depending on the types of accounts involved. Below are the scenarios covered in this FAQ, with detailed instructions provided for each: Inactive Betterment 401(k) to Active Betterment 401(k): Rolling over funds from a terminated Betterment 401(k) to an active plan. Inactive Betterment 401(k) to Betterment IRA: Converting an ...

What account types are eligible for transfers within Betterment?

What account types are eligible for transfers within Betterment? You can transfer funds between certain types of Betterment accounts. The transfer eligibility depends on the account types involved. Eligible Transfers 1. Transfers Between Individual Accounts Allowed: Between two individual taxable accounts. Between an individual taxable account and individual Cash Reserve. Between an individual taxable account and Betterment Checking (if Checking is linked as a funding source). 2. Transfers ...

How do I transfer funds between my Betterment accounts?

How do I transfer funds between my Betterment accounts? You can transfer funds between most accounts or goals within your Betterment account through the web or mobile app. Here's how: On a Web Browser: Log in to your Betterment account. On the home page, select “Transfer or rollover.” From the menu, select Transfer within Betterment. Choose the source account. Select the destination account. Enter the amount you’d like to transfer. Confirm and submit your transfer. On the Mobile App: Open the ...

Steps for Completing a Roth Conversion

What is a Roth Conversion? A Roth conversion is the process of transferring funds from a Traditional IRA to a Roth IRA. This allows you to take advantage of tax-free withdrawals in retirement, but it does come with tax implications in the year of the conversion. Are there important details to know before converting to a Roth IRA? Yes, here are some key points to consider before completing a Roth Conversion: Tax Implications: The amount converted is considered taxable income in the year the ...

Transfers Between Betterment Accounts

Can I rollover between Betterment retirement accounts (401(k), IRAs, etc.)? Yes, you can roll over funds between Betterment retirement accounts, but the process varies depending on the types of accounts involved. Below are the scenarios covered in this FAQ, with detailed instructions provided for each: Inactive Betterment 401(k) to Active Betterment 401(k): Rolling over funds from a terminated Betterment 401(k) to an active plan. Inactive Betterment 401(k) to Betterment IRA: Converting an ...
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What account types are eligible for transfers within Betterment? You can transfer funds between certain types of Betterment accounts. The transfer eligibility depends on the account types involved. Eligible Transfers 1. Transfers Between Individual Accounts Allowed: Between two individual taxable accounts. Between an individual taxable account and individual Cash Reserve. Between an individual taxable account and Betterment Checking (if Checking is linked as a funding source). 2. Transfers ...
Read More
How do I transfer funds between my Betterment accounts? You can transfer funds between most accounts or goals within your Betterment account through the web or mobile app. Here's how: On a Web Browser: Log in to your Betterment account. On the home page, select “Transfer or rollover.” From the menu, select "Transfer within Betterment." Choose the source account. Select the destination account. Enter the amount you’d like to transfer. Confirm and submit your transfer. On the Mobile App: Open the ...
Read More
What is a Roth Conversion? A Roth conversion is the process of transferring funds from a Traditional IRA to a Roth IRA. This allows you to take advantage of tax-free withdrawals in retirement, but it does come with tax implications in the year of the conversion. Are there important details to know before converting to a Roth IRA? Yes, here are some key points to consider before completing a Roth Conversion: Tax Implications: The amount converted is considered taxable income in the year the ...
Read More