Thursday, February 9, 2012

Word Of Advice

If you have a 401k plan at your current employer, when you leave make sure to open up a rollover IRA and transfer the funds not too long afterward.  It's a pain in the ass to figure out who to call after five years and your former employer was gobbled up by another company.

1 comment:

Andrew Stevens said...

Chances are you should do this anyway for other reasons. Your investment options are almost bound to be better at a brokerage than in a 401k plan. I'm sure there are very rare exceptions to this rule. Occasionally, for example, a 401k plan at a financial company has investment options which are unavailable to the retail investor. (Rarely are these actually good deals, but the option may be worth something.)

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