When you move from one employer to another you are still working but you can’t use your previous company’s retirement account. Depending on what kind of retirement plan your new company has, you may be able to roll your 401k over into your new employer’s retirement plan. While it is ...
One other point to consider is how the actual rollover is completed. If you decide to either rollover to an IRA or to your new employer’s plan, completing a direct rollover should be considered. A direct rollover is when the check is made payable to the new financial institution, who the...
Conventional wisdom has long told us that when you leave employment – either by taking another job, getting laid off, or retiring – it makes good sense to rollover your 401k plan to either an IRA or to your new employer’s 401k plan if that makes sense. However – and if you read ...