I do not wish to sell it. unhappy with the admininstration. I am still working and contributing with this employer. I would prefer to keep is as a 401k at present not change it to IRA.
2007-03-12 05:47:16 · 4 answers · asked by sue 2 in Business & Finance ➔ Personal Finance
No, you can't transfer the money out while you are still working for the company.
Once you leave, yes, it's a good idea to switch to a well managed mutual fund family.
2007-03-12 08:32:10 · answer #1 · answered by Quixotic 3 · 0⤊ 0⤋
No as long as you are employed there no. No reason at all not to stop contributing and roll it over @ schwab.com or the like. No excuse for not doing so if unhappy. IRA going to be same as 401k at the end.
2007-03-12 07:23:42 · answer #2 · answered by vegas_iwish 5 · 0⤊ 0⤋
No. A 401(k) basically means that the company you work for is matching your contributions. You are vested (you own their matches) after a certain amount of time.
Your only other option would be to roll it over to an IRA.
2007-03-12 05:53:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yes, should be easy. try yourold or new employer HR's first. If they don't help, call the company that runs the 401k.
2007-03-12 05:50:50 · answer #4 · answered by HokiePaul 6 · 0⤊ 0⤋