No. of Recommendations: 0
My husband has been downsized - he has five weeks left at his current job. He has a 401(k) at his current employer; it has a choice of seven investment options, only three of which come anywhere near market performance.

While he already has leads on several new jobs, some are at small companies that do not offer deferred comp and another would be to become an independent (self-employed) contractor.

What options would he have for his 401k monies? Because of the lack of acceptable investment options, I'm not sure we would want to leave it at the current employer. And if we did leave it there, could we transfer it elsewhere at any time?

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.