The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: rollover to IRA or 401k||Date: 6/12/2003 11:31 PM|
|Author: wtam||Number: 65821 of 121219|
I left a corporate job and started my own business, which is being run as a corporation.
I have a 401k from my previous employer that I can either roll into a traditional IRA (not a Roth or SIMPLE IRA) or into a 401k or similar qualified plan setup through my small business corp (say a defined contribution money purchase plan or something like that).
Could someone advise me on the pros/cons of moving the money into a traditional IRA versus a 401k setup by my business? Is one setup more restrictive than the other?
I would be looking for the money to be put into a self directed brokerage fund structured as a traditional ira or a company 401k plan
thank you all
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