401k When Leaving Job Question? | TigerDroppings.com

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ragacamps
LSU Fan
Member since Jan 2011
2176 posts

401k When Leaving Job Question?


Can anyone inform me about some smart options for this situation?

My wife is leaving her job with a major company and will be out of work for a few months. She has a 401k worth roughly 25,000 as of now.

What should we do with the 401k while she is out of work for three months before starting a new job??







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Chris Farley
Maryland Fan
Regulating
Member since Sep 2009
3670 posts

re: 401k When Leaving Job Question?


Roll it over to an IRA or ROTH IRA. Just be aware that if you roll it to a ROTH you will be responsible for income taxes on the 25k. Googling "IRA rollover" should get you plenty of good information why/how to do this.





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