|
You are eligible to put $4000 for this year($5000 if older than 50) into either a traditional IRA(deductible, but taxed as ordinary income upon withdrawal) or a Roth IRA(non deductible, but never taxed afterward). There are income restrictions.
You can not continue to contribute to your 401k at your previous employer after separation from service. I would roll this money over into a no-fee Rollover IRA at the institution of your choice, Fidelity, T. Rowe Price, Vanguard are all good.
|