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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25310  
Subject: Re: Question about Rollover Date: 5/20/2007 9:41 AM
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I have a 401K at work and have a question about moving it. If I leave my job, I know that I want to roll it over without causing a tax event. My question is this....I own stocks in this account so if I rolled it over, would I have to sell my positions or do they just wave a magic wand and make it happen?

Hoping I can get an answer without calling my plan administrator.(that probably is the answer) Does anyone have any experience with this situation?


In general, a rollover will force you to sell your positions, and re-buy if you want to keep them.

However, if you can find a new trustee that will do a trustee-to-trustee transfer (rather than a rollover), you may be able to preserve your positions in the account.

You also have the option of leaving your 401(k) intact at the old company as long as you have a balance of more than $5k. You need to be aware of any additional fees that you might be charged because you are now a former employee, but if you can't find another way to keep the stocks that you want, it could be an option.

AJ
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