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Paul5873 asks:

<<Is there a maximum amount that can be rolled over from a 401(k) into an exisitng IRA once I leave my job? Also, once the 401(k) is rolled over will I still be able to contribute to my IRA for the year?>>

You may transfer an unlimited amount of money from an employer's qualified retirement plan like a 401k to an IRA. That transfer has no effect on your ability to make your annual IRA contribution of up to $2K for that year, either. As TheBadger pointed out, though, you may want to use a new rather than an existing IRA for this purpose. Doing so will preserve your ability to later transfer that rollover money plus any of its earnings to a new employer's 401k plan that accepts money from an old employer's plan. For details, see my discussion of "conduit" IRAs in my Foolish Retirement Plan Primer at .

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