How long do I have to roll my 401k into a IRA?

Answer 1

It depends on the amount in your account. If it's below a certain minimum, then you have to withdraw the money within, I believe, 90 days of your employment termination. Otherwise, you can keep the 401k as long as you want. There is no time limit.
If you have not received a "move it or lose it" letter from the financial institution in which you have your 401k, then you've probably got the minimum amount already and can keep your 401k with that institution as long as you want.

Answer 2

If you're talking about a check that has been issued and is pending a rollover, you have a limited time, but if you haven't taken any action and left the money with your former employer, there's normally no time limit on making a change later.

At any time after leaving your old firm, you usually may elect to roll your money over into an IRA. Any competent financial advisor, or even a discount broker can help you make the move. It should be quite simple (although, sometimes the administrator of your old plan will require you to fill out all kinds of ridiculous paperwork).

The next step, of course, is to decide what you want to do with your money once it gets into the IRA. If you need advice on that, feel free to contact me.

Answer 3

Depends on minimum amount allowed to be kept in the 401k and if you are fully vested. Remember do not take ownership of the 401k roll it over to another financial institution. Taking ownership will cause a tax liability to you both state and Federal.

Answer 4

When you get terminated from your employer, and you have 90 days to make a decision wether to rollover or cash in. It would be wise to rollover to IRA.

Answer 5

I think you have 60 days...make sure to use a rollover IRA type vehicle to keep your $$$, otherwise there are penalties.

Answer 6

Real simple... hire a fincancial accountant and pay a fee and let them do it for you... yes.