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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?

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