I recently left my job and have a small investment in 401K. My new employer has their 401k plan, and I am also familiar with Rollover option. However, I dont understand the process too well. Is it advisable:
AA) that I leave my 401k with my former employer (as it is) and start fresh another 401k with my new employer? Will it have any negative impact?
BB) I roll it over to IRA (Schwab) and then also continue with the new 401k with my new employer?
CC)If I directly rollover to my new employer, will my former employer come to know the details of my new employment (my employer, my position etc??) Appreciate any sincere advise as I have never done this before.-Thanks folks...God Bless you all!
2007-02-18
11:02:41
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6 answers
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asked by
Anonymous