Should I rollover my 401k or leave it with the company?
July 29th, 2007 by IRA Rollover
rushfz1 asked:
I expect to be laid off any day now. I have a 401k with the company but it hasn’t performed very well over the last year or so (big surprise). Should I roll it over to Fidelity (where I have my other IRA accounts) or leave it with the company for a few years while the market turns around. It seems if I roll it over, I might be booking some losses. The 401k has some good Vanguard options. What are the pros and cons of leaving it or rolling it over?
I expect to be laid off any day now. I have a 401k with the company but it hasn’t performed very well over the last year or so (big surprise). Should I roll it over to Fidelity (where I have my other IRA accounts) or leave it with the company for a few years while the market turns around. It seems if I roll it over, I might be booking some losses. The 401k has some good Vanguard options. What are the pros and cons of leaving it or rolling it over?
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July 30th, 2007 at 1:01 am
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August 1st, 2007 at 8:21 am
The money directly because you will have to pay federal income tax.
August 3rd, 2007 at 2:39 pm
Many answers to your questions can be found on which is a portal dedicated to 401K distribution related information.
Thank you.