Keep both 401K and IRA?

1 ⤊

I just got a job at one company with 401K plan after couple years layoff. Can I keep both IRA and 401K or I have to roll over fron IRA to 401K?

2007-06-21 09:02:19 · 3 answers · asked by quangbi 2 in Business & Finance ➔ Taxes ➔ United States

You can have both an IRA and a 401(k). Congratulations on the new job!

2007-06-21 09:11:48 · answer #1 · answered by Kathryn 6 · 0⤊ 0⤋

you can keep them both. But you can't contribute to both. If you contribute to a 401k you are precluded from making a pre-tax contribution to an IRA.

2007-06-22 11:37:26 · answer #2 · answered by Anonymous · 1⤊ 0⤋

You can keep them separate. You can have as many accounts as you can manage.

2007-06-21 16:11:04 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋