Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hello,

I have a 401k with a previous employer that I would like to roll over into an IRA. Twice in the past, I have had an employer switch plan providers, where the funds where sold, and earned money market rates while they were transfered to the new plan. Sounds good, except that market swings between buying and selling in both case took about 1% (based on market averages on date of sell and buy). On the one hand, I've lost out on this twice, so the law of averages should be in my favor, but what I'd really like to do is avoid this possibility. I can think of no way to execute the transaction where the funds are sold and bought on the same day.

Is there any standard way of doing this?

Thanks,

-Michael
Print the post  

Announcements

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.