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Keeping Old 401k vs. rolling over to Rollover IRA

Posted on 1/13/21 at 1:53 pm
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4637 posts
Posted on 1/13/21 at 1:53 pm
I would like to rollover my old 401k into an Rollover IRA so I can get it out from under the control of my former employer's plan. However, I like all the investments I currently have and I'm making good money on them. (Note, can invest in individual stocks in my old plan, which is where 90% of the money is invested).

So I guess I can just sell all my positions and then rebuy them once the money hits my rollover? I would just miss out on any gains (or losses) that happen in the gap? Is that right? Or should I just keep the money where it is? Trying to figure out the best way to handle this.
Posted by TigerCrude
Member since Oct 2019
1878 posts
Posted on 1/13/21 at 2:15 pm to
Can you only add after tax to Roth IRA
Posted by Weekend Warrior79
Member since Aug 2014
16255 posts
Posted on 1/13/21 at 2:24 pm to
Cannot offer any advice to your question, but you may want to check the rules for your old employer's 401(k).

My former employees had rules in place that after X months, my funds would money to a money market account within the plan. So, all of those funds you like, could become irrelevant as you may automatically have the proceeds transferred out.
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