Is your question can you have both a ROTH and Traditional IRA? If so, yes you can.
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
First you need to do a 401k rollover to Roth account. You will need to open a Roth IRA account. Do a 401k rollover to a Roth IRA online with any brokerage firm online. If you do find a brokerage firm that wants to charge you a fee to do a 401k rollover to a Roth IRA then pick a different one. You can get more assistance or help with more information by visiting http://hubpages.com/hub/401k-rollover-to-roth-ira
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not. A Roth grows tax free, while a 401k is taxed when you withdrawl the funds.
Not directly but you can roll it over to a Traditional IRA first then convert that IRA to a Roth.
One might find detailed information as to a Roth IRA vs a 401k at Schwab's website. Schwab offers a lot of pros and cons of having either a 401k or a Roth IRA.
There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.
First you need to do a 401k rollover to Roth account. You will need to open a Roth IRA account. Do a 401k rollover to a Roth IRA online with any brokerage firm online. If you do find a brokerage firm that wants to charge you a fee to do a 401k rollover to a Roth IRA then pick a different one. You can get more assistance or help with more information by visiting http://hubpages.com/hub/401k-rollover-to-roth-ira
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not. A Roth grows tax free, while a 401k is taxed when you withdrawl the funds.
you tell me
Not directly but you can roll it over to a Traditional IRA first then convert that IRA to a Roth.
One might find detailed information as to a Roth IRA vs a 401k at Schwab's website. Schwab offers a lot of pros and cons of having either a 401k or a Roth IRA.
Employers do not offer any type of IRA, they offer 401k plans. Many employers offer both traditional 401k plans and Roth 401k plans. You will need to check with your employer to see if they offer a Roth 401k option.
You can have the money automatically transferred from your checking or savings accounts right into your 401K to your Roth ira. Go to irs.gov for more information.
401K accounts are started through and employers. Roth IRA accounts can be started by an individual at a local bank.
You must have a roth ira open. When you are separated from your employer, or turn 59.5, you can instruct your employer to directly roll your 401k over to the roth ira.
There are many companies that can help someone convert their 401k rollover to a Roth IRA account. Such companies include Fidelity and Vanguard. Investopedia has also published some information that one should know before converting their 401k rollover to a Roth IRA account.
It is better to do a 401K if your company will match any money that you put in. Put in only what they will match and put the rest in a Roth ira for the best outcome.