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Financial Planning / Foolish 401(k)s


Subject:  401K Rollover Date:  11/21/2011  4:54 PM
Author:  riss333 Number:  24792 of 26309

O.K., so we have left our 401k riding for a year now, while my husband has been off work on disability. My husband is now on SSI Disability and will be 64 this week. He will not be returning to his job. We were just notified that his company is moving their 401k business to another provider. We have until Dec 15th to roll over to an IRA or to let them move the 401k to the new provider. What is the best thing to do? I have been reading that it is best to roll over since we cannot contribute to the 401k anymore. What is the best way to go? And if we roll it into an IRA, should we remain with the company it is with now, or go to a brokerage? Can anyone give me some pros/cons???
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