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Author: MDELMATT One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Combine 401 and pension or not? Date: 12/6/1999 11:30 PM
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Dear Friends.

This item is also posted on the 401-k board. If you start reading it twice, please excuse the double posting. Especially you, TMFPixy.

I am 52 and soon changing jobs (ugh! and yea!) and would appreciate advice on 401-k rollovers and pension distributions.

Specifically, I plan a direct roll-over of the 401-k $$$ into a self-directed IRA brokerage account.

My question is, Is it wise, er, Foolish, to combine the 401-k AND the pension distribution into a single self-directed 401-k IRA account? Or is it Foolish-er to keep the two sums separate and deal with the bookkeeping of two added accounts instead of just one?

I am aware of the possibility of adding the 401k sum to my new employer's 401k plan (when I become eligible), but I do not think I will want to do that. I think I'd prefer to be in a self-directed IRA, buying those FF stocks, etc. What other advantages/disadvantages might there be to combining the two sums into one account?

Thanks for sharing your expertise.

MDELMATT
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