I have thoroughly read all the information on IRA's on fool.com and can't seem to find an answer or advice for my situation. I need to convert my 401K (which is less than $5K) from my previous company's pension plan. I know I want to invest in a Roth IRA. I have been told by an on-line broker that I cannot comingle funds if I roll the 401K directly to a Roth - which means to me that I can't make contributions to the Roth acct. in the future since the source of the monies is different (cash and 401K)? Is is better to take the tax penalty and have the 401K funds issued to me and then establish a Roth IRA with the remaining funds which will enable me to make contributions each year? My intention is to invest the Roth funds in stocks.Any advice and assistance would be greatly appreciated.Foolishly confused.
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