401K Ròll Õver

[resume]

What is the best place to roll over a 401K?
ETrade could be fun. ;D

[qofcc]

Are you rolling it over because you're retiring or just switching jobs? If you're switching jobs and think you might ever want to take retirement at 55 or borrow against your 401K, you might want to roll it into your new employer's plan.

I have an e-trade IRA and I like their website and selection of investment products.

[jd2005]

Where do you have your IRA? I would start looking there.

[oreo]

I rolled mine over to Schwab but there are tons of places like that around who would love to store your money for you! The beauty of the IRA versus the 401K is that you have endless investment options with the IRA. The places I've had 401Ks in the past gave you like 8 choices and that was it.

I know some people here use Vanguard or Fidelity too. I don't know anything about those places myself.

[resume]

Are you rolling it over because you're retiring or just switching jobs?

Switching jobs.

I like the idea of having the option to do some serious trading with my 401k capitol.

FAZ / FAS (for example) on a day trade basis could work for me.

[azphx1972]

I don't know where you are, but I'd be careful about rolling it into an IRA.

www.latimes.com/business/investing/la-ira-story3,1,6221607.story

[Deleted]

2 years ago when I switch jobs, I rolled my 401K to a Vanguard Rollover IRA

[cael]

I'd roll it into your new employer's plan if they have one. Is it a lot?

I got laid off from my old job almost 3 years ago when they closed (thank god I already had my new job). I had almost $2000 in a 'profit sharing' account, which would've been my 401k if I'd started the plan anyway, I took that & put it in a rollover IRA with T Rowe Price, a target retirement fund (2050 I think?). It kind of tanked when the market tanked, but I just got my recent statement & it's earned a little bit.

[resume]

I'd roll it into your new employer's plan if they have one. Is it a lot?

It is 15 years worth of max matching / contributions.
All Amcap funds with former employer's 401k. I moved from balanced to total safety at a few critical times and it has become a significant amount.

I did have some disapointing results in the first few years.
From that point forward I became a much more active (and cautious) investor.

I could leave it as is, take control with more options in an IRA roll over, or Roll it into new employers 401k.

I have a strong desire to have more to work with in my IRA.

[runewell]

Apr 10, 2011 8:55:02 GMT -5 azphx1972 said:

I don't know where you are, but I'd be careful about rolling it into an IRA.

www.latimes.com/business/investing/la-ira-story3,1,6221607.story

Good grief. Carry extra insurance if you're so concerned, and don't do anything that would get you into a big lawsuit...

I think leaving it in A 401K plan is a bad idea. Limited selection and higher expenses don't sit well with me.

[Plain Old Petunia]

I'm with you, Runewell. High expenses should be avoided whenever possible, and some plans have terrible investment choices. When you have the chance to get your money out of a 401k and into an IRA, take it.

[azphx1972]

Apr 11, 2011 13:41:41 GMT -5 runewell said:

Good grief. Carry extra insurance if you're so concerned, and don't do anything that would get you into a big lawsuit...

I think leaving it in A 401K plan is a bad idea. Limited selection and higher expenses don't sit well with me.

You've obviously never been involved in a lawsuit. It's nearly impossible to get another insurance policy after you've been sued, because most companies will ask if you've been sued in the past 5 or 10 years, and deny you a policy if you say yes. And as far as "don't do anything that would get you into a big lawsuit", do you think really people intentionally do things to get sued?

My 401k has funds with extremely low expense ratios (most of the index funds are in the 0.10%-0.20% range). So it really depends on your plan.