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Author: bishnoi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25265  
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?

thanks,
MG
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