The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Why Bother?||Date: 9/24/2001 5:03 PM|
|Author: BrunoIsMyName||Number: 31972 of 83121|
My luck was the opposite of yours. I requested a rollover check from my former employer, over the phone, about 4 days before the disaster. As a result, I missed the record decline last week saving myself at least 25%.
A couple of tips:
1) Before requesting a rollover check, transfer the funds to a stable value asset such as money market, or cash if possible, to eliminate the risk of them cutting the check after a decline. You may miss some upside but risk reduction is more important.
2) Don't fill out rollover paper work and mail it using U.S. mail to your employer. Do it online or over the phone if possible to gain as much control as possible.
Best of luck next time.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|