UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Re: Combine accounts? Date: 1/9/1998 2:07 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Orangeblood,

<<Please forgive me for wording my original question poorly. I was indeed talking about rolling a 401k from a former employer into an *existing* IRA... in other words, mixing the money. I had heard the disadvantage to this was not being able to roll that money *back* into a future employer's 401k plan.

So my question was: Why would I want to do that anyway? Other than the loan thing (which I agree with you about, I'd never want that), what other advantage could there be to rolling that money out of the IRA (which I can invest as I wish) and into another 401k? I gather from your reply to me that there is no advantage.... and I should be able to mix this money without worrying about it.>>

There's nothing to apologize for, and you understand my views correctly. In very rare instances you might get a better return in a future employer's plan and you might want the ability to borrow from a 401k (which you can't do in an IRA). But I believe I can do better investing on my own, so I don't worry about "tainting" the 401k rollover with other money.

Regards.......Pixy
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement