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ElbertoHokie

Joined: 01/01/2005 Posts: 8170
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Choose a brokerage place that you trust and roll it over.


Assuming your 401k is invested in mutual funds. Roll it over into an IRA and pick out funds within the brokerage to invest. I'm a Vanguard fan due to their low costs.

Generally, you can find a brokerage house with lower overall fees than the one your company and it's 401k package offers. If you leave it in there, you aren't getting the best return due to higher fees, typically.

A place like vanguard will go out and perform the rollover for you if you give them your current 401k account information(and permission). It's pretty frigin easy and has 0 tax implications for your assuming you roll it all over into the IRA.

[Post edited by ElbertoHokie at 10/19/2016 5:13PM]

(In response to this post by HokieJamie)

Posted: 10/19/2016 at 5:06PM


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Current Thread:
 
  Changing employers best thing to do with my 401k is.... -- HokieJamie 10/19/2016 5:01PM
  Yes to rollover. I have all of my non-work stuff with Fidelity. no cost -- Thankful Hokie 10/20/2016 1:53PM
  Roll to your new job or roll to an individual IRA, it is not recommended to -- fordham 10/20/2016 1:38PM
  Rollover to someone like Schwab ** -- MrBayAreaHokie 10/19/2016 11:50PM
  Rollover ** -- 133743Hokie 10/19/2016 10:30PM
  Cash out. Give to PUAhokie ** -- PUAhokie 10/19/2016 7:22PM
  YES!!! Best career move you ever made. -- CPRVHokie 10/19/2016 5:47PM
  Choose a brokerage place that you trust and roll it over. -- ElbertoHokie 10/19/2016 5:06PM

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