question about 401k contributions?

After you stop working at one or the other job you can open an IRA rollover account at a bank or other financial institution. You have the money sent directly to that institution as a direct rollover.

Contact the financial institution where you want to transfer your funds, i.e., Vanguard (www.vanguard.com) and tell them you want to transfer your 401k funds into an account with them. They will email or mail the forms to you so that you can transfer the funds directly into your new account.

Do not withdraw the funds into a personal account or get them into your personal control. The IRS and maybe the state income tax people will almost instantly try to collect from you, regardless of whether you actually use any of the funds. Instead, have the monies directly transferred from your work to the new account.

If you don't have more than about $3,800.00 in the fund when you leave, most companies will mail you a check if you have not given them other instructions. Don't let this happen - see IRS note, above.

For more 401k advice, visit www.clarkhoward.com, or www.kiplinger.com

Good on you for doing this so young - you'll be able to retire and do what you want much earlier than most!

If they don't automatically cash you out you can set up an IRA. You are going to have 2 accounts for the rest of your life, your current 401k and your IRA. If you are above something like $10,000 you can leave your money in the IRA of your last company but then your money is going to be spread all around. I'd recommend a vanguard IRA (just call them, they will help you set it up)

definite while you're no longer any greater an lively worker, you do no longer qualify for 401k, if the exams are purely for comission they are in simple terms paying you the final little bit of money you're owed.

Normally you can roll them into an IRA