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Two questions -
I have just changed jobs and am faced with the decision of either leaving my old 401K where it is (not too many investment choices there though), transferring it to the new companies 401K (better choice selection), or rolling it over into an IRA (the most choices available here).
It seems like a no-brainer, but I am looking at the purchase of a new home (first time buyer) in the next year, and may likely need to borrow against my retirement fund. Which retirement investment is best suited for someone considering a new home purchase?

Part two is in reguards to a SEP IRA. I did some freelance work last year and never thought to shelter some of the money in an IRA. It's only a couple thousand dollars - but Uncle Sam is taking close to half of that b/c of the self employment tax imposed on me and very few deductions I have to take!! Is it too late to set up the SEP IRA for last years earnings?

Any suggestions appreciated.
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