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|Subject: Re: 401(k) job change||Date: 11/26/1998 7:20 PM|
|Author: Tiggertoo||Number: 6805 of 76610|
Our company just recently announced that we were bought out by another
company Anyway, we will officially become thier employees as of January
1. This employer does allow us to rollover our 401 into theirs.
My question is this (forgive me, I am new to this):
Will this money be taxed or before the going into this new employers
plan? I am not aware of the laws.
Thank you in advance for any advice.<<<
By now you have read the other posts. I will ask you a question. Why do you want to roll your 401K into the new company's 401K plan? If your new company "allows" you to roll over, then maybe you can roll it into something like a Schwab account where you can direct it the way you want. This is not a recommendation, just a point to ponder.
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