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Author: YellowHammer Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Multiple IRAs? Date: 11/30/1997 3:44 PM
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Pix,

Thanks for the reply and welcome (was my newbieishness that apparent?)!

On your answer to my question concerning rolling 401(k) money into an IRA ...

<<To avoid potential tax problems, if you want to do that you should see your benefits administrator to discuss the procedures for arranging a custodian-to-custodian transfer so you never touch the money.>>

I went back and read the posts you referenced (thanks!) but still have several questions.

Suppose I arrange a custodian-to-custodian transfer into an IRA while I'm looking for a new job. Can I direct the investment of the IRA monies, or do I have to delegate that to the custodian? Also, is there a time limit on how long my "old" 401(k) money can be in an IRA before I roll it into a "new" 401(k) with a future employer?

Just call me quizboy.

Thanks,
BAP
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