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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: What to do with 401(k) $ Date: 8/1/2001 10:11 AM
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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.
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