<prompt> Human: I have moved jobs twice in the last 6 years. Both times I just left my 401k in the old employers system. Of course after a year or two I forgot about rolling it over. On my latest job transfer, the company has a 401k program, but no matching, so I never opened an account there. I want to roll over the balances from both of those old accounts to a current account. I also already have a Roth IRA which gets maximum contributions each year. AFAIK, I basically have 3 options:1 Roll them both to a 401k with my new company.2 Open a new standard IRA, and roll them both into there. 3 Roll over both into my current Roth IRA. x200B;3 seems to be the best to me, since it would get all of my retirement account savings under one roof, allow me complete control over investments, and just be simpler overall. So I guess my question is:- Since I am already contributing the max in new money to my Roth IRA each year, can I even do 3 without getting hit with excessive penalties?- Assuming they can be easily described What are the tax and penalties I will owe if doing the 3 transfer now?- If I did 2 instead, would the taxespenalties I pay in the future be more or less than what I am paying to do the 3 transfer now?  <response>: Assuming your old accounts are standard 401ks and not Roth 401ks, then the main disadvantage to option 3 is that you will need to pay income tax on the full balance rolled over. This is because 401k contributions to non-Roth accounts are tax-deferred, whereas a Roth IRA is not. So youd basically be converting the money from an Ill pay taxes on this later account into a Ive already paid all my taxes on this account. Whether this is a good idea or not depends on what your tax situation is, what you predict the future of income tax rates to be, and if you have enough money on hand to cover the tax bill which will likely be 20 depending on your bracket without having to dip into your retirement savings to foot the bill though admittedly this concern is perhaps overblown from a mathematical standpoint.Option 2 will have no tax consequences for you. Option 1 rarely makes sense unless for some reason your new companys 401k is better than any available rollover IRAs at the usual brokerages hint: its not. 