Message Font: Serif | Sans-Serif
No. of Recommendations: 0
"Are you sure that the the 401k plan is actually a different one than that at your current employer?
Were you planning on a rollover to the new company's 401k plan or to an IRA? If to an IRA you can definitely not take out a loan against it. If to a new 401k plan it will depend on the provisions of the plan and you would need to check with the employer or whoever administers the plan."

Not sure if its the exact same 401k or not. I know that my 401k doesnt show my employer--- it show the loosely affiliated umbrella entity in the title bar.

I would either leave my 401k where it is, or roll it over to the new company... I dont see any case where I would roll it to an IRA
Print the post  


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.