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Author: Mailman9 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25234  
Subject: Re: in 401k limbo w/ new job... Date: 2/3/2000 10:08 AM
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This is a fairly routine decision - if you have more than $5000 in your account you cannot be forced to take a distribution - so, if you are happy where it is you can wait and roll it into the new plan later, or continue to leave it where it is currently.

A somewhat better option is to set up an IRA account somewhere and roll these funds into that account. As long as you don't also put in non-rollover funds into the same account you can later roll it into your new employer's plan. However, you'll probably find that you'll like the freedom of having full control over your IRA better than the restrictions in a 401(k) plan. You'll have more investment choices and fewer restrictions on when you can get the funds (although you cannot really borrow them). Either way, unless the fees in the IRA are outrageous you'll probably want to use the IRA now rather than be tied back to your old employer.
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