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Rolling over 401k after being laid off - what to do?
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Thread created 03-24-2011 by flowerbridge
+1 Score 4 Replies 2,134 Views
Post #38293727 added 03-24-2011 2:49 PM by flowerbridge in Archived Deals
Hi all, I was just laid off and I had a 401k plan. I'm going to assume it's in my best interest to roll over all the money into my IRA. I haven't done my taxes yet for 2010 nor contributed...
Rolling over 401k after being laid off - what to do?
Expired
Thread created 03-24-2011 by flowerbridge
+1 Score 4 Replies 2,134 Views
Post #38321905 added 03-25-2011 2:46 PM by Talyssa in Archived Deals
Sorry to hear about you losing your job -hopefully you'll find a new one soon! I think you can also leave it for now and then roll it in to your next company's plan (obviously depending entirely...
Rolling over 401k after being laid off - what to do?
Expired
Thread created 03-24-2011 by flowerbridge
+1 Score 4 Replies 2,134 Views
Post #38297073 added 03-24-2011 5:22 PM by cyberl0k in Archived Deals
You should be able to leave it where it sits or roll over to a Traditional IRA. The rollover will not count towards towards the 5000 contribution. The funds are already within the 401k. You would...
Rolling over 401k after being laid off - what to do?
Expired
Thread created 03-24-2011 by flowerbridge
+1 Score 4 Replies 2,134 Views
Post #38308339 added 03-25-2011 6:46 AM by zzyzzx in Archived Deals
I would just go ahead and roll it into you personal IRA. You really don't want it in an employer's plan since the investment choices are so limited.

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