I still have my job
2007-12-01 13:34:55 · 8 answers · asked by Tim 2 in Business & Finance ➔ Investing
You can transfer the vested funds in your 401(k) over to another account through the above mentioned Brokers in the form of an IRA....and you can even setup the contributions from your paycheck...but you cannot get your employer to match it. It is no longer a 401(k), rather an IRA. And part of your 401(k) benefits is that you are required to use the Brokerage firm your employer uses.
Hope that helps.
2007-12-01 13:40:42 · answer #1 · answered by Kiker 5 · 1⤊ 1⤋
I don't agree with either statement. First, Cena is the top face of WWE, he sells the most merchandise, he sells out arenas, he brings in the most money and probably makes the most money of all the WWE wrestlers, not only that, but he has a passion and love for the wrestling business, it is something he has always wanted ever since he was a child, he is living his dream, no point in giving that up. Second, that just isn't true, he has earn most fans respect, there are only a few Cena haters out there, who just hate Cena for doing his job, most fans love Cena, and the others, don't have anything against Cena personally, they respect how hard he works, and many other things about Cena, they just don't like Cena's Character. Truthfully, this is a good majority of wrestling fans that respect all wrestlers, for the bumps and risks they take just to entertain us, the fans, and, if you was a major WWE star, would you give all that up just because some one on Y!As told you to, I don't think so, and if you did, well, that wouldn't be the smartest thing to do.
2016-05-27 04:28:21 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Your employer may allow you to move the money that THEY have contributed on your behalf but any money that you put in for yourself can't be moved while you are still employed except in very limited circumstances. The number of firms that allow you to move THEIR money is even more limited. Most firms don't want you to do it because then the costs of running th plan fall more squarely on their shoulders rather than allocated out to the employees. And, the majority of people would roll it into an IRA and then cash out the IRA making the employer sponsored plan a waste of time, energy, and money for the employer.
2007-12-03 02:28:24 · answer #3 · answered by digdowndeepnseattle 6 · 1⤊ 0⤋
I doubt that all the transferring and paperwork is worth it...much simpler plan would be just reduce your current 401 contribution to equal the " match"...and save a portion of your check ...NO IF's AND's or BUT's.. toward that E*trade account. It should not take long if you really put your mind to it !
2007-12-02 05:55:20 · answer #4 · answered by jebediabartlett 6 · 1⤊ 0⤋
Kiker is correct there are Non Hardship, Free Withdrawal Companies that will allow you to transfer penalty free from your 401k into another "qualified" savings vehicle but it would be an IRA not a 401k. I have a list of major employers that allow this contact me if you want to know more.
2007-12-01 20:11:23 · answer #5 · answered by lawman 3 · 1⤊ 1⤋
You can only do what your 401(k) plan says you can do. Generally, your money must remain within the plan's investment options as long as you are still employed there.
2007-12-01 13:54:41 · answer #6 · answered by Anonymous · 2⤊ 0⤋
No, I would do that every payday if I could.
2007-12-01 13:40:06 · answer #7 · answered by shipwreck 7 · 0⤊ 2⤋
No.
2007-12-01 13:42:00 · answer #8 · answered by john p 3 · 1⤊ 1⤋