Moving 401k rollovers
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Moving 401k rollovers

 
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spikelee



Joined: 06 Aug 2005
Posts: 18
Posted: Sun May 28, 2006 6:12 am    Post subject: Moving 401k rollovers Reply with quote
Moving 401k Rollovers?

here it says http://www.moneysavingfreetips.com/401k-rollover.html " If you create a separate IRA for your rollover and if your existing company allows this, you can move your IRA into a new employer's IRA sponsored program (thats if you change jobs)."

how exactly is this done? what are the steps? is there any credit checks involved?

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pftalk
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Joined: 12 Nov 2004
Posts: 9
Posted: Sun May 28, 2006 9:19 am    Post subject: Reply with quote
This article may help: Don’t Let a Career Change Wreck Your 401(k)
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cstark



Joined: 21 Aug 2007
Posts: 6
Posted: Tue Aug 21, 2007 8:04 pm    Post subject: 401k Reply with quote
I'm not sure why you'd want to move an IRA into something sponsored by the company - what that means is that you're going to be moving from more investment options to less, which is usually not a very good idea.

You're probably better off moving it into a personal IRA though, since that way you control the money and you get more investment options.

By the way, I love your movies.

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