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Money and Finances
Reply to "401k when you are not actively contributing"
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[quote=Anonymous]You can't contribute to that employer plan anymore, because you aren't an employee. You can leave the money in it, or you can roll it over into an IRA. There are pros and cons for each option - but if you do decide to roll it into an IRA, make SURE you do it correctly, because if you don't it may be deemed a distribution and you may be subject to deferred taxes and penalties. [/quote]
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