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Author: PSUEngineerFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: HELP!401K rollover question Date: 5/15/1998 2:00 PM
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<<Help! I recently rolled over my 401K into a IRA.
Can I know put $2000 a year into the IRA, even if
I contribute to a new 401K in a new company?
Can I put in the $2k if I don't start a new 401K?>>

Yes, you can contribute $2000 to the IRA if you contribute or not contribute to a 401K at your new company. But you may not want to because the new contribution to the rollover IRA will taint the IRA. This means you can't rollover the IRA into your new 401K if you desire to do so. TMFPixy give a good explanation at the following link

http://boards.fool.com/Message.asp?id=1040013000865005&sort=postdate

(I hope I got the link right)
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