No. of Recommendations: 0
OK, so I have changed jobs and have around $8000 from a previous 401(k) plan that I would like to roll over into a self-directed IRA, rather than my new employer's 401(k) plan. Can I do this? Do I need to roll it into a Roth IRA (most of the questions here seem to be about Roth IRAs)?

Obviously, I'd like to avoid all taxes. I'm also a loooong way from reaching 59 1/2.

Thanks in advance.
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement