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Author: legalwordwarrior Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 201  
Subject: What to do with Rollover IRA? Date: 1/19/2010 4:45 PM
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Hi all,

A few years back (2007) I left a company in which I had a small 401(k) that, because I wasn't vested, I was required to roll over. I went with a Wells Fargo Rollover Fund and pretty much just put the thing on autopilot. It only had a little over $2K in it and I am now with a job that takes a sizable amount of my paycheck and puts in TRS, so I've pretty much ignored the IRA. Until yesterday as I was going through some mail and found my end of year statement from WF. I'm losing money on this thing and need to do something, but I don't know exactly what to do with it.

The numbers (roughly) are like this:

1/1/2009 - $2295.00

Less Admin -$ 10.00

Plus Interest$ 3.80

12/31/2009 - $2288.80

What should I do with this thing? At this rate I'll just spend all the money on fees and it will be zero by the time I retire. Can you move an IRA once it's already been rolled?

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