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re: Is there any reason to have an IRA and a 401k?

Posted on 4/3/24 at 9:05 pm to
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6234 posts
Posted on 4/3/24 at 9:05 pm to
I’ve rolled all previous employer 401ks into the same IRA. The only 401k I currently have is with my current employer who has a match.
This post was edited on 4/3/24 at 9:06 pm
Posted by Bourre
Da Parish
Member since Nov 2012
20348 posts
Posted on 4/4/24 at 8:03 am to
quote:

I’ve rolled all previous employer 401ks into the same IRA. The only 401k I currently have is with my current employer who has a match.


This is where I currently am at too. I’m just wanting to make sure that it’s not dumb to have both. I guess I am worried about paying unnecessary fees and not taking advantage of compounding interest. Once again still learning. Been listening to the Money Guys. I’m at #6 on their FOO and trying to make sure I’m prepared to start #7
This post was edited on 4/4/24 at 8:07 am
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