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re: Company being bought out, forced to roll 401k to new companies plan
Posted on 3/22/11 at 11:00 am to LSU0358
Posted on 3/22/11 at 11:00 am to LSU0358
quote:
Both rolled the 401k into the new companies plan. No questions asked.No option.
That looks like is what is going to happen.
So you can't get the money till you retire, quit or die?
1
Posted on 3/22/11 at 12:25 pm to LSUDad
quote:
So you can't get the money till you retire, quit or die?
Thats correct. If I leave I can roll it over into an IRA or just leave it. Most plans have limited options. I use the ones at work then fill in the gaps until I hit the caps with Roth IRA's. Lastly I use tax managed funds in taxable accounts.I use Vanguards website to have everything in one place to monitor it.Works well for me.
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