Keep funds in IRA vs 401k

[averageJoe]

I've been self employed since late last year. I realized too late that solo 401k need to be opened by Dec 31 so I just maxed out a TD Ameritrade IRA for the year to reduce tax liability a bit (also was doing employer 401k most of year)

Now I've opened a Solo 401k as well (also TD). I'll be rolling my existing 401k in either the 401k or the IRA, hence my question.

Should I roll my old 401k funds into my new 401k or into my IRA? Obviously I have to keep the solo 401k open due to the contribution limits, so is there even a reason to keep the IRA? (assuming I can roll the IRA into the solo 401k as well) I plan to contribute at or near the max amount if that makes a difference.


Thanks,
Joe

[sv2007]

I've been self employed since late last year. I realized too late that solo 401k need to be opened by Dec 31 so I just maxed out a TD Ameritrade IRA for the year to reduce tax liability a bit (also was doing employer 401k most of year)

Now I've opened a Solo 401k as well (also TD). I'll be rolling my existing 401k in either the 401k or the IRA, hence my question.

Should I roll my old 401k funds into my new 401k or into my IRA? Obviously I have to keep the solo 401k open due to the contribution limits, so is there even a reason to keep the IRA? (assuming I can roll the IRA into the solo 401k as well) I plan to contribute at or near the max amount if that makes a difference.


Thanks,
Joe

That'd depends on the 401k. I find that some of my 401ks have cheaper fess than similar funds in IRA. So for those 401k, I leave it there.