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Author: pension7ed Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76098  
Subject: Re: 401k after I quit... Date: 7/20/2000 9:42 AM
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If you have over $5,000, you also have the choice to leave the money in the current plan even after you quit ( begin to pursue alternatives).

Rolling into a new employer's 401(k) plan will mean that your 'rollover' money will be subject to the investment and withdrawal rules of that new plan. It then might be hard to get at if you want to buy a home, etc., or if you become unhappy with it's investments. If your new employer is small, you may also have limited investments and/or high administrative expenses.

You will have maximum control if you use an IRA. Remember to not comingle regular IRA's with Rollover IRA's, if you want to retain the rihgt to later roll-over this money into another qualified plan like a 401(k). (Your rollover IRA will then be considered a 'conduit' IRA.)
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