Re: 401k and IRA question.

On Mar 12, 11:32 am, marckas...@[EMAIL PROTECTED]
 wrote:
> Hello, I have invested in my first 401k for one month (January 2008)
> before getting laid off.  Good start for retirement savings, huh!?
> Now that I am doing my 2007 taxes and would like to invest 4k into an
> IRA.  So here are a few questions that I can't seem to get answered
> from what I have read, and forgive me for my ignorance but investing
> is fairly new to me so perhaps in laymen terms would be best.
> What is the best way to rollover my 401k into an IRA or a Roth IRA if
> possible?  I understand that there is a direct rollover plan but I am
> unsure if I can use this to rollover in an IRA and Roth IRA.  And what
> about the fact I started this 401k this year in January, does that
> matter?
> Also is it common to see in ones ****tfolio an IRA and Roth IRA?  I am
> thinking about doing this because I don't know if I would want the tax
> deferred or exempt; which seems to me it's like having one foot on ice
> and the other on fire.
>
> Thanks.
>


Many brokerage will help you set up a rollover IRA, easy piecey.  Try
Fidelity or Schwab.  I rolled my 401K into a rollover IRA acct at
Fidelity.  You can have many combinations of IRA and Roth IRA in your
****tfolio.

I hope you find a job real soon, if not already.

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