UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: RexHavoc Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75839  
Subject: Re: Fooling with IRA/SEP-IRA/401k Date: 4/14/1998 11:02 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
[[The only drawback (if it is one) is moving your 401k money to
this account. By doing so, the money becomes "tainted," which means in the future it can no longer
be transferred into a new employer's 401k plan should you desire to do so. To Fools, this is a
non-issue, but many like the ability to do so. If that's true in your case, then the 401k money should
be transferred to an IRA all by itself. Doing so will ensure it retains eligibility for later transfer to a
new employer's plan.]]

Am I reading you correctly: Keep the 401k rollover in its own SEP-IRA account, and put any other funds (new investments, IRA rollovers, etc.) into a different SEP-IRA account so they don't taint the 401k funds?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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

Should You Be an Index Investor?
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