2007-09-17 14:34:21 · 7 answers · asked by R from Ohio 1 in Business & Finance ➔ Personal Finance
You should roll it into an IRA. This give you control of your investments. You can choose investments that will have less expenses than what your current employer's 401K plan has.
2007-09-17 14:49:08 · answer #1 · answered by bkwrm006 2 · 0⤊ 0⤋
the only way you have gotten achieved this replaced into in case you had left the money interior the previous 401Ks. A 401K could be rolled to a distinctive 401K (if the contemporary plan facilitates it) or an IRA. What you prefer to do is roll the IRA to a 401K. See IRS pub 590, information superhighway website 23. A 401K is *now no longer* on the record of objectives for rollovers. The record is TSPs, 457 and 403s.
2016-10-09 09:19:54 · answer #2 · answered by weigelt 4 · 0⤊ 0⤋
I think it is up to you. If it were me, I'd base my decision on how much money you are talking. It is better to diversify. I had quite a bit of money and the 401k was through Vanguard (a reputable institution, if you ask me). So I decided to just stick with Vanguard and roll it over into an IRA. However, if the sum of money is not very extensive, I would probably just put it in my new 401k plan if I could. Another variable for the decision is if you like the company/investments of your new 401k. Obviously, if you think it is a crappy 401k, don't put any more money than you have to into it, including you old 401k money.
2007-09-17 15:00:36 · answer #3 · answered by CG 6 · 0⤊ 0⤋
You probably want to roll it to an IRA. That way you have more investment choices and better control over the money. Only exception is if there is a chance that you could be sued or have creditors knocking on your door. Some states protect qualified accounts from this.
2007-09-17 16:14:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ROLLOVER IRA!
Many more good choices are available!
Go to;
Charles Schwab, Inc.
Fidelity Brokerage.
Vanguard Mutual Funds
or T. Rowe Price Mutual Funds.
My choice would be Schwab or Fidelity.
2007-09-17 16:12:14 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
if it was me Id split it between if yer new employer has a good record of such things cause to diverify is ussually better in the long run
2007-09-17 14:41:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Roll OVER IRA
can u say Enron?
beside "you" will have control of ur money
2007-09-17 14:46:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋