Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: WallyJr One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25315  
Subject: Re: 401K rollover Date: 12/4/1999 1:57 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I checked in the FAQ, but couldn't find the answer to my question.

I am going back to school full-time, right now I don't have the time to look into long-term investing strategies and need a temporary solution until I decide the best course of action.

How long could I keep my 401K in a rollover-IRA account? (I will be in school for about 6 years) and can I transfer that into a brokerage account (or other type of retirement investment from the rollover-IRA or am I limited to putting it back into a 401K plan?


You can keep it in a rollover IRA as long as you want. The rollover account can be a brokerage account if that is what you want. Remember, the purpose of a rollover IRA is to keep the former 401K assets (and any income they earn) separate from other IRA funds. If you do not want to roll these assets into another 401K plan, you can comingle them with your other Traditional IRA funds. Generally you have more choices in IRAs then you have through 401K plan.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

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