Message Font: Serif | Sans-Serif
No. of Recommendations: 0
> 5. Your choices:
> a) Keep it where it is.
> b) Roll over to new employer's 401(k)
> c) Roll over into an IRA.

I was thinking of the same questions. Incidently, my new company's 401K plan is also with Vanguard. I already rolled over to the new 401K plan. Now I'm having second thoughts because their brokerage option is $150/year + commission fees of $25 or 0.25/share (whichever is more!). My company has a provision where I can effectively "rollout" the rolled-in money! Check if you can do that. I haven't yet rolled over into IRA because one of my other considerations is whether 401K and IRA are equivalent from legal point of view. I mean the 401K is untouchable by creditors and anyone who might sue you for whatever. IRA's, from what I understand, don't enjoy the same status - at least not in all states. I heard Suze O. mention that IRA in CA does indeed have the same status but she said it depends on the state. Does anyone have any thoughts on this aspect?

Print the post  


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.