any good places to rollover a small amount, $600 of a 401k w/out fees into a ira?

Answer 1

Check your bank and see if they have a financial advisor. Either he of someone at the bank may have some options for a small roll over. Some CD's can be set up inside an IRA and you won't have to have a large initial investment.

Answer 2

i might take a protracted time and flow to with my banker earlier I did any procuring spree. My first intuition is to point you roll the pre-tax money right into a typical IRA, and perhaps see approximately putting the $5k right into a Roth... yet you will desire to be surely specific there heavily isn't an early withdrawal penalty on it. it is in basic terms too lots of your difficult-earned money to furnish away!!! additionally, be sure that no area of the distribution you're rolling over is going to you. That way, there isn't any question as to its being labeled as a rollover. some financial institutions do no longer code those the right way, from time to time, so be sure that is marked needless to say as a rollover, and function lots of copies as a manner to have a paper path in case that is mandatory later.

Answer 3

Some of the mutual fund houses will start an IRA with low initial balance if you sign up for automatic monthly contributions.

Answer 4

Nope. Minimum is normally $1,000 for an IRA, but hunt around, especially at Fidelity or Vanguard--they may have lower startup amounts.

Answer 5

I once left a job with a 401(k) that had a $110 balance. I just cashed out and paid the penalty. It wasn't worth the effort to roll it anywhere.