UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: CindyB Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: 401(k) ROLLOVER Date: 6/27/2000 6:25 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hello! My company was recently bought out, and I will only be with the "new" company for two months following the conversion.

My 401(k) is currently composed of four or five different funds. One of the funds is the Vanguard Index 500. I would like to do a common share transfer of the Vanguard fund to a Vanguard Index 500 IRA. This will allow me to maintain the current shares in my 401(k) Vanguard fund instead of having to repurchase them at the current NAV. I want to confirm that I can do this.

As an FYI. The "new" company doesn't allow partial withdrawls from the 401(k).

Also, I would prefer to not put my 401(k) money into any of the "new" company's 401(k) funds. Can I transfer the remaining funds (not including the Vanguard fund monies)into a Rollover or Conduit IRA until I am settled into my new job at a different company? If I can, is there a required time period that the money must stay in the rollover IRA, or is there a fee for withdrawing it in a short amount of time? I belive I'm not supposed to put any money into the Rollover IRA if I'm planning on putting it into another 401(k), is that correct?

Thanks!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement