No. of Recommendations: 0
Greetings, Dswartz, and welcome.

<<Anyway, once the funds are in the
IRA, he can manage it himself. If he goes back to
work for a regular company, and he likes their choice
of options, he can always roll back out to their plan.
Otherwise, just keep running the IRA (even if he also
participates in their plan). This also works well if he
elects the self-employment route, since he can set
up an SEP and make his deductible contributions
(presumably to the same account - I can't imagine
why that wouldn't be allowed). I am in the process
of rolling an IRA from PaineWebber to Waterhouse,
that contains 401(K) funds from my previous two
employers (before I decided to strike out on my own).>>

Just be aware that mixing 401k money with a SEP "taints" that money and it can no longer be transferred to an new employer's 401k plan. A conduit IRA works only if it is maintained as a separate account and is not mixed with any other IRA monies except those that also come from a former employer's qualified retirement plan. For conduit purposes, SEP and Keogh money don't count and will void the eligibility for a later transfer to a new employer's plan.

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.