I have 2 401Ks, one from my most recent full time employer and one from an employer before that I never bothered to roll over. The total of the two is almost 40K. I need to do something with them.
- I believe that my current contract firm has a 401K but of course there is no match, however the dollars I put in would be pre-tax.
- I could roll the whole amount over into an IRA but if I am not mistaken, any contributions I would put in there would be after-tax. That’s a bummer. If you know anything different, please clarify.
- I could leave them both where they are for the time being until I end up an another perm employer that has a matching plan.
I’m at a loss. What would you do? Any suggestions?