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re: Managing 401(k) Rollover
Posted on 12/27/12 at 5:37 pm to LSURussian
Posted on 12/27/12 at 5:37 pm to LSURussian
So say my new job doesn't allow it, what are my options?
Posted on 12/27/12 at 5:44 pm to smyce
Roll it over into a rollover IRA which you manage yourself or hire an adviser to manage it for you.
Posted on 12/28/12 at 1:41 pm to smyce
quote:
So say my new job doesn't allow it, what are my options?
As Russian said, roll it into a Rollover IRA and hired someone to manage it or do it yourself on a site like Schwab. IMO even if your new employment allows you to roll it in, I would not. In a rollover IRA at any large company you will have access to any investments you would want. In a 401k you will typically be limited to 10-20 funds within the plan.
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