No. of Recommendations: 0
>> Here's the thing... I'd like to use part of the money to invest on my own, as I've done very well with researching via and a couple of the newsletters. Does anyone know if I can roll part of it to my E*Trade account or if I'd have to move the whole thing?

If I can move part of it, what amount is right? I was thinking roughly 25k, and move the balance to whatever new 401(k) is around.

Most likely, you should be able to perform a "partial rollover" into a self-directed IRA and leave the rest in your existing 401(k) plan. Note that if you withdrew an amount that left your old plan with less than $5,000 in assets, the old plan can require you to take the entire distribution and close out the old account.

As for what amount is right, only you can answer that. For me it would depend on what investment options were available (asset classes, fund performance, fees) in the old plan. The more I liked the existing options in that plan, the more I'd leave there. If they had nothing but mediocre performers with high fees, I'd liquidate the account and move it all into a self-directed rollover IRA.

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.