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Subject:  Changing jobs - gap in eligibility Date:  6/24/2013  10:27 PM
Author:  LakeEffect Number:  25071 of 26344

I don't frequent this board, and a search came up empty, my apologies if this has been covered.

I participated in my employer's 401k for the first 5 months of the year. On June 3rd, I took a new job. I'm not eligible for participation in the new employer's 401k until January 1st.

What's my best option for the interim 7 months? I'm 55 and I would like to continue to fund my retirement and take advantage of any tax deferrals possible but perhaps I'm out of luck until 2014? I have an existing rollover IRA (to which I do not/cannot contribute*) and my Roth IRA is already fully funded.

Any options better than funding a taxable account until I'm eligible for the new 401k? Thanks in advance.

*on a tax deferred basis
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