2007-02-16 10:44:18 · 5 answers · asked by pumpkin 1 in Business & Finance ➔ Personal Finance
Roll it to what? Do you have a new 401k at your new job? How's the rate?
2007-02-16 10:47:12 · answer #1 · answered by Beardog 7 · 0⤊ 0⤋
With that little of money, I'm surprised your former employer just didn't cash you out and send you a check.
Ordinarily I'd say roll it over to a low cost investment house like Vanguard, T. Rowe Price or Fidelity. But even those you usually need a minimum to open an account, and I don't think you are there yet.
So my advice, is just let it sit where it is.
2007-02-16 18:55:56 · answer #2 · answered by Uncle Pennybags 7 · 1⤊ 0⤋
It's an $80 penalty if you tap that now. So if you're not in dire need of the $720, keep it where it is.
2007-02-16 18:47:58 · answer #3 · answered by Vegan 7 · 0⤊ 0⤋
i would leave it alone. however, if you are in dire need of money to survive since you don't work then you should take it out.
2007-02-16 18:48:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
leave it...u get penalized if u cash out early...act like its not there until you're older, then you'll be able to buy yourself something nice
2007-02-16 18:47:13 · answer #5 · answered by Trevin H 1 · 0⤊ 0⤋