@dcthue wrote:
possibly converting my existing traditional IRA to my employer 401k or if that isn't possible looking rolling it into a bonus annuity to zero out the traditional IRA balance.
Yes, that is a strategy that many have done so that the year end value of all IRA accounts is zero. It depends if the employer 401(k) plan allows that (not all plans do). Also if you want all of this to happen in 2020, keep in mind that 1099-R's are usually issued by the posting date and with many non-business days at the end of the year, it might not get posted until Jan, 2021 so time is of the essence to make this happen in 2020.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
