2007-11-24 02:56:36 · 3 answers · asked by Richard K 1 in Business & Finance ➔ Personal Finance
When you say "move", do you mean within your 401K plan, but just to another investment option? That should be able to be done in way less time that 10 weeks - mine lets you do it online, and takes effect for the next day.
If you mean actually move it out of your 401K into a rollover IRA, or take it out altogether, your plan might not allow this. You might be able to take a loan against it.
Ask again, and ask what the holdup is. If you are trying to just take it out, that might not be permitted as long as you are still employed there, but if that's what's happening, they should have told you that 10 weeks ago.
2007-11-24 03:32:31 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
If you are moving it into a rollover IRA, it is usually best to have the new custodian directly request it from the old one. Most IRA custodians have forms for that.
2007-11-24 03:32:12 · answer #2 · answered by npk 7 · 0⤊ 0⤋
Hire an attorney. I'm assuming you left one job for another and you are trying to rollover your account.
Legally, your previous employer has 90 days to either rollover your funds or disburse them to you. If they have done neither, hire an attorney...
2007-11-24 05:29:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋