The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  401k to IRA, and other issues Date:  2/2/2000  4:47 PM
Author:  Frontosa Number:  18632 of 78166

Here's the situation:

I contribute to my current company's 401k. I have a 401k from a previous employer that I would like to rollover into an IRA so that I can Foolishly manage it on my own. I am also considering contributing to an IRA on my own.

From what I've read of IRS Pub 590, and this board, I can only rollover that 401k into a traditional IRA. Also, any contributions that I make into an IRA won't be tax deductible since I am covered by 401k.

It seems to me that for my f