You can roll it into your current IRA with no penalties. I wouldn't put to much in an aggressive fund though. Try the Mutual Funds discussion board for fund recommendations.

Charlie,

If this is the case, then the $6,000 profit sharing account is considered in the same class as a 401K?

While I do believe if he is able that he can move this money to an IRA, wouldn't it be better to open a Rollover IRA so not to mix pre-tax with after-tax money? If he does this, doesn't this prevent him from ever rolling this money into a 401K if he so decides down the road?


Thanks,

Dogpile :-P