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|Subject: converting a 401-k||Date: 3/4/2002 4:06 PM|
|Author: richardhollander||Number: 7819 of 20200|
My daughter has about 20K in a 401-k from her former place of biz. I gather that the money can be removed from that particular entity and rolled somewhere. she wants me to invest the money which I agreed to do (while guaranteeing her no losses- how did I agree to that?). Anyway, I suggested moving to an internet brokerage and just giving me access to it.
Does anybody have any suggestions for:
1. Good online brokerage- Scottrade, USAA, etc.
2. Any particular caveats to moving one of these accts. or do the firms handle all the details as in moving a Roth IRA?
Will appreciate any input.
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