No. of Recommendations: 0
You have just as much freedom to invest in an IRA as you do in a taxable account (it's unlikely that you'd run into any of the exceptions). If you rollover from 401(k) to IRA, you can still pull the money out later (paying tax and penalty of course).

You cannot explicitly borrow from an IRA, but there is a way to accomplish much the same thing: you can withdraw money and then pay it back in full in 3 months. This only works once a year.

There are no taxes in a 401(k) to IRA rollover as long as the 401(k) company writes out the check to the IRA company for the full amount.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.