UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: W401K Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75339  
Subject: Re: 401(k) ROLLOVER Date: 6/27/2000 7:55 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Whether you can do a direct transfer of the Vanguard fund from your 401k to your IRA is up to your employer's 401k service provider. Some will do this, others will not. The worst case scenario is you will be forced to sell the Vanguard fund, they will send you a check made payable to your IRA custodian, then you just buy the same fund again. You will be out of the fund for a short period, bu this can work to your advantage or disadvantage depending on the market movement during that time. In any case, over a long time horizon, it won;t matter much that you were out of the market for a few days.
I would just open a conduit IRA at Vanguard. This way, you can buy the shares of the Vanguard fund you want, plus do any individual stock or bond trading avia Vanguards low cost self directed brokerage account. Then, any dollar amount you wish to rollover to your new employer's 401k you can do so.
I would leave it all in the IRA. You have more investment choices, more beneficiary options, and more withdrawal flexibility in an IRA than a 401k

Bill
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

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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