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- From: mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons)
- Newsgroups: misc.invest
- Subject: Re: 2 401Ks?
- Date: 27 Jan 1993 20:17:16 GMT
- Organization: Baylor College of Medicine, Houston, Tx
- Lines: 16
- Distribution: usa
- Message-ID: <1k6qkcINN2u5@gazette.bcm.tmc.edu>
- References: <16505@auspex-gw.auspex.com>
- NNTP-Posting-Host: fleming.csc.bcm.tmc.edu
- Originator: mparsons@fleming.csc.bcm.tmc.edu
-
-
- In article <16505@auspex-gw.auspex.com>, abryce@Auspex.COM (Alan Bryce) writes:
- > I recently changed employers and left my 401K with my old employer. i also
- > opened a new one at the new employer. Neither employer could tell me if
- > this is legal. I left the old account because there is an outstanding loan
- > against which must be repaid prior to moving the monies. I cannot contribute
- > to the old account but can repay the loan over time. Is this legal?
-
- From what I've read and heard, as long as you don't exceed the limits
- on contributions you can have as many 401(k)s as you like.
-
- Just my $0.02 worth . . . .
-
- comments? suggestions?
-
- Mark
-