Sheriff Cad
scientia potentia est
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You can buy and sell all you want within your retirement accounts. You can roll over multiple 401k's into the same IRA and combine them that way.
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Investing General Discussion
- Thread starter Furious
- Start date
Sludig
Potato del Grande
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Like I could have a fidelity account, separate from my Roth ira t that could old keep them as 401k? Would be nice when retired to have all consolidated, but right now I'll still run into the Issue every 8 years or so when company changes hands that their employee 401k deduction has to go into whatever company they are using, that's why I have 4 as is.
Fogel
Mr. Poopybutthole
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You can buy and sell in a retirement account all you want. You only face any potential taxes or penalties if you try to pull money out.
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Sheriff Cad
scientia potentia est
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- 85,270
You have to keep your current company 401k with that company's provider, but past employers you can roll all of those into one IRA. And you can buy and sell freely in an IRA, you don't pay taxes (or accumulate taxable events) until you withdraw from the account.
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Jysin
Bronze Baronet of the Realm
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I do remember that there are some legal protections in a 401k that do not exist in an IRA. Something to be mindful of!
401k has unlimited bankruptcy protection and unlimited creditor protection. (Nationwide, no exceptions)
IRA has a bankruptcy limit (though it is quite high), and more importantly, IRAs are NOT protected from creditors. (Variable by state)
401k has unlimited bankruptcy protection and unlimited creditor protection. (Nationwide, no exceptions)
IRA has a bankruptcy limit (though it is quite high), and more importantly, IRAs are NOT protected from creditors. (Variable by state)
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Sheriff Cad
scientia potentia est
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- 85,270
I mean we've seen how people have started posting betting market stuff instead of polls, even our generation apparently believes it.