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re: Smart to roll 401k from previous job into new one?

Posted on 5/9/14 at 1:56 pm to
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
41003 posts
Posted on 5/9/14 at 1:56 pm to
Isn't there a cap on the amount you can put into an IRA per year or does this not qualify for that because you're rolling into from 1 retirement account to another?
Posted by barry_badrinath
Member since Apr 2014
62 posts
Posted on 5/9/14 at 2:34 pm to
Depends on the investments you new company offers...

Roll it into an IRA
Posted by Broke
AKA Buttercup
Member since Sep 2006
65057 posts
Posted on 5/9/14 at 3:37 pm to
quote:

Isn't there a cap on the amount you can put into an IRA per year or does this not qualify for that because you're rolling into from 1 retirement account to another?



It has a cap. I'm not telling you to not do the 401k. I'm just saying roll it into an IRA. You can money in different places you know.
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