I have about $100k in my Capital one 401k account. I recently switched to Apple and I'm trying to decide if I should move the money to Apple's401k plan or to my vanguard IRA account. Though vanguard has a lot more investment choices, I would be able to borrow about $50k towards a house down payment if I roll it over to Apple 401k. Is that a smart thing to do? Should I be aware of any pitfalls?
Apple / Eng PwoK55more
Rolling over to 401k, allows for future backdoor conversion of non-deductible IRA to Roth IRA, without having to pay taxes.