I have recently changed employers and have a decision to make on my 401k plan. My new employer has none and my former employer has sent me a distributions packet that indicates I can rollover the amount to a new 401, seek distribution with penalties, or leave the money till retirement with no additional contributions allowed. I,m wondering what a fool would do? I also have a small IRA that I apparently can't contribute to either according to the IRS rule book because my income is above the 40 odd thou required. What is my best solution to get control of these accounts to benefit from the "gods of compound interest"?
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