I participated in my company's 401K plan for my length of employment as they offered a match program. Now, with the company being bought out, I no longer qualify for the new company's 401K plan due to my younger age – they require participants to be at least 21 years old.
I am reading around the site that an IRA is my best option however, I was wondering how that would affect me down the road? Eventually when I qualify I would like to participate in my company's match program again. At that point would I roll my IRA back into the 401K? Can I have an IRA and 401K simultaneously, and is that even a good idea?
Any insight as to what my future would look like if I roll it into an IRA now, then want to participate in the 401K later would be great. Thanks!