Can I rollover ESOP to spouse’s IRA?

The planner offers plenty of flexibility and can handle many complicated real-world scenarios, but sometimes it can be tough to figure out how to do it. Check out this forum for discussion of how to model things like selling a house, long-term care expenses, and much more.
Post Reply
Philm1
Posts: 1
Joined: Mon May 28, 2018 12:45 pm

Can I rollover ESOP to spouse’s IRA?

Post by Philm1 » Mon May 28, 2018 1:09 pm

I’m getting a large ESOP payout next month. My spouse is 7 years older than me. We could retire much earlier if he can gain access to it at 59 1/2. Does the law allow me to rollover my ESOP into an IRA in someone else’s name without a penalty?
And yes, we’re going to do a post-nup that says if we separate or divorce that IRA goes to me. :-)

jimr
Posts: 557
Joined: Thu Feb 28, 2008 6:48 pm

Re: Can I rollover ESOP to spouse’s IRA?

Post by jimr » Mon May 28, 2018 1:47 pm

Hello and thanks for visiting the Flexible Retirement Planner user support forum.

This forum is designed to help people use the Flexible Retirement Planner to model their retirement plan. It's not really intended to be a place to get tax advice or general financial planning guidance.

I'd suggest asking your question at a site like Bogleheads.org or somewhere similar.

Bogleheads.org is a great general purpose discussion group and I think it would be a much better place to get your question answered. They have a strong base of users willing to discuss specific financial planning issues.

Jim

Post Reply

Who is online

Users browsing this forum: No registered users and 0 guests