UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: gilvid One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: "Workforce imbalance correction" Date: 8/5/1998 11:01 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Due to a recent "workforce imbalance correction", my wife is unemployed. Her former employer
sponsored a 401k through Prudential. Subsequent to her layoff, this 401k was transferred to
Fidelity. I am wondering how to disengage from this 401k without facing tax liabilities. As a new
visitor to Fool-land, I would like to begin controling the future direction of our investments. Is it
possible to transfer the 401k to some sort of tax-exempt brokerage account? Is there an accepted
vehicle for this concept? Is there another message board or source for this sort of information?


My previous employer had my 401 managed by Fidelity, when I left I just rolled it over to a Fidelity IRA acct. It was easy and painless.
Stayed with Fidelity because I thought since they already managed my account there would be less chance of a problem.
Call them and tell them what you want to do and have them get the forms in mail even if you don't use them. You can make online trades with them for $19.95, may be even less.
Make sure you tell them you don't want any tax penalties. (See Pixies message) They'll know what to do they do it all the time.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement