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Author: bishnoi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25619  
Subject: Re: 401K rollover? Date: 3/22/2005 12:00 PM
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> 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?

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