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You wrote, 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???

I assume your husband is no longer officially employed by the company with the 401k? In that case, he can *ALWAYS* roll his 401k to an IRA at any time. His ability to roll over his funds is not limited to some arbitrary window. However, if he does not roll the funds out by then, there may be a short transfer period where he cannot access funds and he may need to contact the new plan fiduciary to initiate a rollover.

Likely the company sent that notice out to all plan participants because if a plan is terminated, even current employees may have the option to roll existing funds out of the terminated plan into an IRA instead of rolling them into the company's new plan. (I took advantage of this option once in 1999 when my employer merged with another company.)

- Joel
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