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I had a 401K years ago, quit the job I had it through, and went to a place that had its own Credit Union. (Stanford Hospital)...Unfortunately, Stanford employees could only contribute to 403b, not 401k accounts. I was told the funds couldn't be mingled, and the best thing to do was put my 401k rollover funds into a "conduit IRA", which I did. I left that job 3 years ago, and I've been paranoid to touch the money. (Still MORE years ago, I had left a job and cashed out my 401k...OUCH...the tax man loved me, let me tell ya....live and learn).

My question really is, should I be letting the money sit in Stanford Credit Union? Should I roll it over into a Roth or some other type of IRA? If that's the way to go, HOW do I accomplish it?

I've been doing temporary non-benefitted work since leaving Stanford, but now I'm in a "permanent" position again, and will soon be eligible to contribute to this company's 401k plan. I assume that the "Non-Mingling" gate swings both ways....that is, I assume my Stanford 403b/conduit IRA money will NOT be eligible to roll into this new 401k...

So...fools, any advice? Again, the basic question is: Sit on it (be gentle)...or Do Something with it???

I'd appreciate any feedback!

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I assume the funds are in an IRA at the credit union. In that case, as long as there are no other IRA (nonrollover funds) in that account you can roll it into a new 401(k). However, you will probably be better off just finding a new IRA provider and leaving the funds in an IRA with fewer restrictions and more investment options.
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