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Investing/Strategies / Retirement Investing
|Subject: Re: Rollover to 401k or IRA?||Date: 1/9/1998 3:38 PM|
|Author: drbear||Number: 1173 of 78013|
<<I have switched jobs. Yesterday I mailed the information to initiate rolling 401k money from my
previous employer to my new one. Luckily, my new employer has a self-directed option through a Fidelity Ultra Account.
However, *I did not even think* about rolling the 401k money into one of my existing IRAs instead of into the new 401k. I'm sure I can call before my envelope arrives and stop the rollover. But should I, or since my new 401k is self-directed, just let it go there instead?>>
You should probably stop the rollover. Unless Fidelity has greatly modified their fee structure, you are going to find better commission rates at a discounter.
However, this sparks a follow-up question for Pixy:
Are you allowed to move 401(k) rollover funds (from a previous employer) out of your current 401(k) at any time, or once rolled in do they have to stay with the current employer until you leave the job?
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