The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: 401(k) job change||Date: 11/29/1998 8:55 AM|
|Author: messerb||Number: 6835 of 82312|
A response to IndyTom's original post:
>>>>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.<<<
Then IndyTom replied:
That is sound advice, however its hard to turn down an attractive match that both of these companies have.
Many 401(k) plans only match new contributions, not existing balances. You might want to check the literature on how your plan works. If your company does not match the existing balances, you might want to consider rolling over your 401(k) to a self-directed IRA for more control of (and options with) your money.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|