2 ms·
Isnt that when you would want to move your 401k funds into an self directed IRA?
by s1artibartfast 2y ago
Isnt that when you would want to move your 401k funds into an self directed IRA?
- bluGill 2y agoAs soon as I left I did. So law doesn't allow moving a 401k like that though and you can but far more into a 401k than ira so you are often stuck.
- s1artibartfast 2y agoI cant quite parse what you said. My understanding is that the law does allow rollovers with no limit. The bottleneck, as I understand it, is contribution limits for people who dont have a 401k to start with. https://www.irs.gov/pub/irs-tege/rollover_chart.pdf https://www.irs.gov/pub/irs-tege/rollover_chart.pdf
- bluGill 2y agoThe law may have changed but at least then you could only do a rollover if you didn't work for the company.