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re: Leaving a Company
Posted on 4/14/14 at 7:46 am to FootballNostradamus
Posted on 4/14/14 at 7:46 am to FootballNostradamus
Roll your 401k into an IRA, not the new company's 401k. If you roll into the new 401k you'll be limited to the investments offered by that plan. In an IRA you'll have way more options. And yes, leave a forwarding address with the current company's HR department as well as forward all of your mail via the USPS.
Also, check the new company's health insurance to make sure you're covered from day one. If there is a 30/60/90 day lag, make sure you either opt for COBRA or get a temp policy to cover you.
Also, check the new company's health insurance to make sure you're covered from day one. If there is a 30/60/90 day lag, make sure you either opt for COBRA or get a temp policy to cover you.
1
Posted on 4/14/14 at 7:26 pm to jeepfreak
quote:
Roll your 401k into an IRA, not the new company's 401k. If you roll into the new 401k you'll be limited to the investments offered by that plan. In an IRA you'll have way more options.
Interesting, is this pretty straight-forward?
If I roll it straight over it won't get taxed, right? Is there a max I can roll-over into an IRA? I've been contributing to this 401K for a while, it's pretty substantial.
Thanks for the help!
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