Hi. There is no problem having two 401ks, but understand that
your limit for donations applies to the sum of your donations to
all your 401ks...
Absolutely contribute where you will get matching money. Get
all the matching you can. Once you are getting all the matching
money you have available, you should consider a ROTH if you are
under the earnings cap for a ROTH. I would then fund a ROTH. If
you can invest enough to get all your matching, and also fill
your ROTH, then I would go back to the 401k, choosing the one
with the lowest costs, fees, etc, and best choices.
My 2 cents...
Joe

HI,

I have a full time job that offers 401k but lately they told us they
may reduce their matching contribution or even eliminate any matching.
I also have a part time job and their 401k match is higher than my FT
job. So my question is:

is good Idea to have an extra 401k on PT job? if so, can I join them
together at later time? and If I can are there any penalties?

or should I put extra money on my FT job's 401k?


thank you in advanced.

Cesar