The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: IRA Rollover Question||Date: 7/30/2001 3:23 PM|
|Author: Dogpile99||Number: 31058 of 75381|
You can roll it into your current IRA with no penalties. I wouldn't put to much in an aggressive fund though. Try the Mutual Funds discussion board for fund recommendations.
If this is the case, then the $6,000 profit sharing account is considered in the same class as a 401K?
While I do believe if he is able that he can move this money to an IRA, wouldn't it be better to open a Rollover IRA so not to mix pre-tax with after-tax money? If he does this, doesn't this prevent him from ever rolling this money into a 401K if he so decides down the road?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|