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Financial Planning / Tax Strategies
|Subject: Re: 401 k direct rollover vs. transfer to IRA||Date: 10/15/2002 12:27 PM|
|Author: vkg||Number: 61724 of 125233|
You do not have to cash out an IRA to move it.
Contributions to an IRA must be cash but this does not apply to rollovers.
If the receiving administrator is willing to receive the mutual funds and stock held then the funds can remain in the same mutual funds.
Your company's employees may have limited knowledge. Call the number you have for the actual plan administrator. Most administrators make it very easy to move a 401K to an IRA they control.
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