401(k) Frequently Asked Questions


401(k)afe
Can I have a 401(k) account with my current employer even after rolling over a 401(k) from my previous employer into an IRA? Can I have both accounts?
You may have a 401(k) with your present employer after rolling over a previous 401(k) into an IRA. You may hold any number of IRA accounts in addition to your 401(k), as long as you meet the necessary requirements and do not exceed the aggregate limits for contributing to them (a total of $2,000 a year for the combined IRAs).
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