Comments on: How to Rollover a 401(k) After You’ve Left Your Job

By: Mackenzie Kelly@facebook

Mackenzie Kelly@facebook — Wed, 22 May 2013 00:30:08 +0000

If you are adventuresome, roll into a self-directed IRA and retain full control of your money. Of course you will have to learn about stocks, bonds and RISK. It also takes a strong Will and remember you are playing for the long run.

By: Mike Dang

Mike Dang — Tue, 22 May 2012 16:22:32 +0000

@Babs Bunny Yes, contributing enough money to get the match in your company’s 401(k) plan, and also contributing to an IRA is a great way to save for retirement.

By: Babs Bunny

Babs Bunny — Tue, 22 May 2012 16:02:31 +0000

@Mike Dang I forget to reply directly to you… but I replied below :)

By: Babs Bunny

Babs Bunny — Tue, 22 May 2012 16:02:12 +0000

The new company does a match, so I would want to get something in there. In the advice you give in the column above, are you suggesting that the writer have both a company 401(K) and an IRA? Just want to make sure I’m clear. :)

By: Mike Dang

Mike Dang — Tue, 22 May 2012 15:36:44 +0000

If you like your new company’s plan, and want to roll it over to the new plan, you can do it. The drawback is that you’re limited to your company’s plan until you’re done working for the new company. Rolling the funds over into a new brokerage account may give you more options.

By: Babs Bunny

Babs Bunny — Tue, 22 May 2012 15:09:57 +0000

Good to know! I’m leaving my current job and starting a new one in a few weeks. They have a 401(k) plan. Would I need to roll mine into an IRA anyway? Or just put it straight into the new company’s plan?

By: toptierstate

toptierstate — Thu, 19 Apr 2012 00:17:19 +0000

Thank you for this! I have been intermittently wondering how to do this for literally 3 years without taking action. One step closer to becoming a fully emerged adult!