2007-02-16 10:07:28 · 5 answers · asked by pumpkin 1 in Business & Finance ➔ Personal Finance
Well, no one can determine our rate of return because we don't know your balance, so $100 gain could be good if you had a small balance, but if your balance was large than it isn't so good, see what I'm saying?
You should roll it over to an IRA, that way you control your investments and fees, and can contribute more. Or if your new company has a 401(k) you can roll into that plan, if the company allows incoming rollovers.
As long as you don't cash it out you are doing better than a lot of people.
2007-02-16 10:17:53 · answer #1 · answered by Hotsauce 4 · 0⤊ 0⤋
There is little harm in keeping it there, but it would be a far better choice to roll it into an IRA. That way, you centralize you finances in one place, rather than having a variety of 401(k)'s everywhere--you'd be surprised how many people forget they have 401(k)'s with companies they no longer work for. Also, you can control the investment decisions much more directly. Get it out of there.
2007-02-16 10:17:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on how much you have in there and if you have the need for the money.
In any event you should roll the money over to another qualifed account so you don't get dinged for taxes and whatnot.
El
2007-02-16 10:19:43 · answer #3 · answered by El_Nimo 3 · 0⤊ 0⤋
I don't think you should ... its not giving you a good percentage of gains ... check what kind of investment you have (stocks or bonds or both) ... that's where the problem is ... my mom had all in stocks and although stocks did good last year that is too risky ... so she move it to a safer investment ...
Good Luck!
2007-02-16 10:19:12 · answer #4 · answered by [Pelirosa] Charalitus Rosadus 7 · 0⤊ 0⤋
leave it in there, for as long as you can. it`s making you money
2007-02-16 10:17:49 · answer #5 · answered by flguy48tc 3 · 0⤊ 0⤋