401(k)

[bertine]

[Poll #1711386]

I haven't even thought about this yet so if you feel strongly about this, tell me why. Links would be nice.

Comments

[thetaxena.livejournal.com]

Well knowing the saver you are... there are some limits depending on what your Adjusted Gross Income is and what kind of plans you are moving between.

If you have an IRA - it is a great way to fund that and they generally have more flexibility. Most 401k's chose a finite number of funds to contribute to. Some 401k's match what you deduct but generally don't match a large rollover amount. And it depends on what kind of fee's each takes - percentage vs. flat fee can take a chunk out depending. And are you going to move your IRA to a Roth IRA? Sometimes you want to wait until you have moved because there are caps.

Sorry it really kind of depends on what you have and what you want to do.

http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/

http://www.moolanomy.com/1828/401k-rollover-to-ira-what-is-it-and-how-does-it-work/

http://www.irs.gov/publications/p590/ch01.html#en_US_2010_publink1000230568

http://www.irs.gov/formspubs/article/0,,id=177968,00.html

[thetaxena.livejournal.com]

sigh. I really wish I didn't know any of this stuff. How did I end up in insurance and finance world?