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Author: bigcaat Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: 401K Rollover Date: 10/26/2001 6:17 PM
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Hi.

I have a friend who has about 3k in a 401k from a previous employer.

I'm not real familiar with 401k's. My thought was for her to roll it over into a Roth, while it's still at a low balance, since she's not getting matching contributions for it anymore.

My thinking is that since she is Roth eligible, and she will be struggling to contribute the annual maximum anyway, why stay in a 401k when she can be making contributions to the Roth?

Also, she's under the impression that she can roll it over into some other 401k, even though her current employer doesn't offer one. That doesn't sound possible to me. Is it?

I'm considering my suggestion to be roll it over into VTSMX or TCEIX, as a Roth.

Any other comments or suggestions out there would be greatly appreciated.

Thanks in advance,
Caat
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