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|Subject: Re: Rollover IRA Question||Date: 8/1/2000 9:49 AM|
|Author: TMFPixy||Number: 23829 of 77564|
<<How about rolloving over funds from the following into a rollover IRA:
I have some money in all 3 of the above.
Is it considered co-mingling?>>
<<Yes, it is considered comingling of the monies from the two plans. While you can put Keogh and 401k money into the same IRA, that means you cannot later move that money to another 401k or Keogh plan.>>
And guess what? Pixy was out to lunch on that one, and apologizes to the world. I was, for whatever reason, equating the Keogh with a SEP or SIMPLE IRA.
A Keogh, though, is a qualified plan. I know that, and knew it when I replied, too. Therefore, because qualified plan money may be transferred to another qualified plan or to an IRA, the 401k money and the Keogh money may be combined without affecting the eligibility of the combined money from later being transferred to a new employer's qualified plan (assuming the new plan accepts money from a former employer's qualified plan).
Sorry about that.
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