Can You Open an IRA If You Have a 401(K)?

Answer Internal Revenue Service Publication 590, which covers the rules for individual retirement accounts reports that anyone under age 70 1/2 with earned income can open an IRA. The matter, however, get... Read More »

Top Q&A For: Can You Open an IRA If You Have a 401(K)

How to Put a 401k Into an IRA?

When you leave an employer, make sure to take the funds in your 401k with you. Once you leave a company, you are no longer able to make contributions into its 401k program. Moving your 401k balance... Read More »

How to Use a 401k for a Down Payment?

A 401k plan is a retirement savings vehicle created by companies on behalf of their employees. Typically, money cannot be withdrawn from the account until you reach age 59½ without paying an early... Read More »

The History of the IRA & 401k?

Two savings plans for U.S. workers were born in the 1970s as a way to encourage people to save for their retirement so they wouldn't have to rely on only Social Security benefits to fund their gold... Read More »

What Does Vested in a 401k Mean?

Being vested in a 401k plan means that you will be able to keep your employer's contributions to the plan if you decide to leave the company. Vesting typically takes a few years, in order to discou... Read More »