Can you have more than one 401k?

Answer by  worker76 (773)

Of course you can. It's sort of like having more than one bank account. It's your investment and up to you how you want to invest it.

Answer by  Rasa (43)

Yes, you can. A 401k plan is administered by the company for which you work, so if you change employers, you start a new 401k with the new employer.

Answer by  dr84bhl (2789)

You can have as much money as you like as long as you do not claim benefits and you will be heavily taxed if you work.

Answer by  tamarawilhite (17883)

Yes, you can have more than one 401k. However, you cannot contribute more than 20% of your total income to any or both of them.

Answer by  BillT (172)

Yes you can have more than one 401K. This usually happens when you move from one job to another and you leave it behind.

Answer by  nonameguy (41)

More then one 401k is possible, if you have a 401k with your job you can also setup a 401k with a separate institution.