No. of Recommendations: 0
I worked for a company that was sold to another company last year. Now they are announcing that we will have a new 401(k) plan, with more options and greater matching percentage. Yay! However, I would much rather transfer my old 401(k) money to a self-directed ira where i could invest more Foolishly.

Can I remove the money since I have a new employer and the old 401(k) will no longer exist? Our benefits director said "no" and that all the old 401(k) mutual funds would be mapped to the corresponding new mutual funds (i.e. Fidelity Magellan --> T Rowe Price Blue Chip.)
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.