gogjers,This was written by Pixy(Linked below): You do not need a consultant to help you transfer your old 401k plan money to a tradtional IRA of your choice. Any IRA provider (be that a mutual fund, broker, bank or insurance company) will be most happy to help you accomplish that action at no cost and at no income taxation. Just choose your investment, and then ask that provider to help you accomplish the transfer. Be aware that the action must also be coordinated with your plan provider, so you also want to express that wish to the plan custodian. You want to do a direct transfer of the money from your 401k plan custodian to the IRA. That avoids any and all income tax problems you may encounter. Make that desire perfectly clear to both your intended IRA provider and your plan custodian. Both know how to do this, and can guide you through the process. All that's really involved on your part is some forms completion for both the plan and the IRA provider. Complete, sign and return the forms as they request, and the plan custodian and your IRA provider will take care of the rest. One final point: If you think you may at some point in the future want to transfer that money into a new employer's 401k plan, then do not add any other money (i.e., annual contributions) to that traditional IRA. If you do so, then that IRA can no longer be transferred to a newe employer's 401k plan.http://boards.fool.com/Message.asp?mid=13363580
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