Would you start a second 401K?

[bjl584]

The debt that needs to be cleared up would be a possible reason NOT to participate in the 401K at the new company. It may make more sense to focus on debt pay-down instead.

On the other hand, the chance that you might leave the PT job soon could be a factor in favor of participating. Do you already have a rollover IRA invested in funds you like? If so, when you leave the PT job you could just move the funds to the rollover IRA.

I do not. I have a ROTH. I could roll over to a traditional, but I couldn't continue to make contributions to it.

[scfr]

I do not. I have a ROTH. I could roll over to a traditional, but I couldn't continue to make contributions to it.

Ah - And there may not be enough to meet the minimum requirement for the funds you'd want for a traditional IRA? Tough call. I guess it depends on the nature of the debt you are trying to pay down.

[bjl584]

I've decided to go ahead and sign up for this. I'm going to contribute up to the match.