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Started By
Message
Planned on rolling over 401k, but it is down 10% since I left employer
Posted on 11/2/18 at 10:52 am
Posted on 11/2/18 at 10:52 am
Should it being down effect my decision to roll it over? Should I wait for it to come back up
4
Posted on 11/2/18 at 10:55 am to LSU6262
Why wouldn't it "come back up" after you roll it over?
If you keep your allocation fairly similar, then it doesn't matter. Just roll it over to new employer.
If you keep your allocation fairly similar, then it doesn't matter. Just roll it over to new employer.
Posted on 11/2/18 at 11:02 am to LSU6262
What are you rolling it into?
If into a traditional IRA, then the fund shares should just transfer and you're still invested in the same stuff. No impact at all.
If into a new employer's 401(k), check with the plan administrator. The new plan may not offer the same investment as an investment choice, so you'll want to find out what happens. Still nothing wrong with rolling it over, but you may have to take some extra steps to invest in what they offer instead.
If into a traditional IRA, then the fund shares should just transfer and you're still invested in the same stuff. No impact at all.
If into a new employer's 401(k), check with the plan administrator. The new plan may not offer the same investment as an investment choice, so you'll want to find out what happens. Still nothing wrong with rolling it over, but you may have to take some extra steps to invest in what they offer instead.
Posted on 11/2/18 at 2:17 pm to LSU6262
Roll to a Roth IRA and the price decline helps on lower taxes
Posted on 11/2/18 at 6:01 pm to LSU6262
The only issue will be if you think the market will go up after your account is liquidated and before you invest in the new IRA. For that reason only, you may want to consider waiting (depends upon what you believe).
Unless the IRA is with the same investment company that is doing the 401k (and even then its not a given) 99% chance the investments are being sold and cash delivered to the IRA.
quote:
fund shares should just transfer and you're still invested in the same stuff
Unless the IRA is with the same investment company that is doing the 401k (and even then its not a given) 99% chance the investments are being sold and cash delivered to the IRA.
Posted on 11/3/18 at 11:52 am to Tigerstark
quote:
Unless the IRA is with the same investment company that is doing the 401k (and even then its not a given) 99% chance the investments are being sold and cash delivered to the IRA.
Yes, typically that's how it works.
As for the OP's current account being down 10% (5%, 20% or whatever), I don't understand why that would affect his decision to roll it over to a new plan or an IRA. The important thing is to choose investment options that fit his goals going forward and not worry about any milk that's on the floor now.
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