What are my best options for doing this?
2006-09-24 01:16:22 · 7 answers · asked by Nightflyer 5 in Business & Finance ➔ Investing
It all depends on where you roll it to.
Sure, if you roll it over to a full service broker, you'll probably pay a fee.
But if you take the time to learn and take charge of your own investments, you can roll it to an online brokerage and most of them will do it for free. In fact, most of them will not only roll it over for free, but they'll help pay any fees that your pension may charge for getting the money out!
Just check around to find your best options.
I can't direct you since I don't know your investment style, etc, but at least this should get you started.
Hope that helps!
2006-09-26 08:51:16 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
I rolled my 401K in to a Roth IRA and there was no penalty but I did have to pay a small fee to the investment company. I went with Edward Jones.
2006-09-24 01:27:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Sometimes they do but not always charge a fee. Really you should consult a financial adviser for options.
2006-09-24 01:28:00 · answer #3 · answered by nbr660 6 · 0⤊ 0⤋
Probably....Most do (they have to earn a profit somehow, don't they?)
Your job is to find out what fees and expenses they do charge and weigh that against the value and service they are providing.
2006-09-24 03:39:43 · answer #4 · answered by derek 4 · 0⤊ 0⤋
It depends solely on the company. The "full service" brokerages will charge you but outfits like Vanguard and others do not. Investigate because those commission dollars are lost and gone forever.
2006-09-24 01:55:03 · answer #5 · answered by DelK 7 · 0⤊ 0⤋
They probably will charge you, everything now a days charges fees.
2006-09-24 01:30:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you probably get it changed thru a good bank for no fee. I rolled one over at mine & they handled it all .for me,no charge.
2006-10-01 15:22:14 · answer #7 · answered by Tired Old Man 7 · 0⤊ 0⤋