Re: 401k and IRA question.

On Mar 12, 12:32 pm, marckas...@[EMAIL PROTECTED]
 wrote:
> Hello, I have invested in my first 401k for one month (January 2008)
> before getting laid off.

The 401K adminstrator may force you to rollover the 410K if the amount
is
too small.  Saves them adminstration overhead.

> Also is it common to see in ones ****tfolio an IRA and Roth IRA?

Yes.  But that is often due to income eligibility constraints.  In
good years
you may not qualify for the a Roth.

Furthermore, because you were covered by an employer's retirement
plan for at least one day in 2008, an IRA is not deductable if you
make
more than $62,000.   A Roth has a higher limit.

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