Comments on: Get 401(k) Rollover Checks Mailed Directly to IRA http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Debra http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329143 Debra Wed, 14 Oct 2009 20:19:04 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329143 Who chooses the emoticons? I've posted 3 times (this will be 4) and so far all have been frowning faces. Who chooses the emoticons? I’ve posted 3 times (this will be 4) and so far all have been frowning faces.

]]> By: Debra http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329141 Debra Wed, 14 Oct 2009 20:17:04 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329141 What a lot of trouble you went to for $.83! When you think of how many things like that we all have to deal with, it's a wonder we ever get anything meaningful done. I recently had $1 left over in a checking account I forgot I had -- and no checks. The bank said the only way I could close the account was to come in and do it in person. I asked how I could stop the waste of the monthly statements without making a trip to the bank & was told the only way was to go online and request e-statements instead of paper. By the time I had set up the on-line banking arrangement for this ridiculous purpose I was fuming at having had to waste so much time over $1. American businesses sure are inclined to "sweat the small stuff"! What a lot of trouble you went to for $.83! When you think of how many things like that we all have to deal with, it’s a wonder we ever get anything meaningful done. I recently had $1 left over in a checking account I forgot I had — and no checks. The bank said the only way I could close the account was to come in and do it in person. I asked how I could stop the waste of the monthly statements without making a trip to the bank & was told the only way was to go online and request e-statements instead of paper. By the time I had set up the on-line banking arrangement for this ridiculous purpose I was fuming at having had to waste so much time over $1. American businesses sure are inclined to “sweat the small stuff”!

]]> By: zapeta http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329106 zapeta Wed, 14 Oct 2009 13:15:05 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329106 If you're going to roll over any retirement account to an IRA, you should always get the money directly sent to the IRA so that you can avoid messing with the previous employer withholding taxes. Plus, then you don't have to mess with passing the check along. If you’re going to roll over any retirement account to an IRA, you should always get the money directly sent to the IRA so that you can avoid messing with the previous employer withholding taxes. Plus, then you don’t have to mess with passing the check along.

]]> By: Mike http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329105 Mike Wed, 14 Oct 2009 13:13:00 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329105 I've also had that issue with a savings account with a balance of 27 cents. I just let it ride to see how long they send me statements. It's funny to see the money they spend on paper and postage! BTW... it's been about 2 years and they keep coming. I’ve also had that issue with a savings account with a balance of 27 cents. I just let it ride to see how long they send me statements. It’s funny to see the money they spend on paper and postage!

BTW… it’s been about 2 years and they keep coming.

]]> By: Allan http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329098 Allan Wed, 14 Oct 2009 05:20:32 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329098 About a month ago I closed out my BofA savings account as the interest rate was too low. A couple weeks later, they sent me a check for 14 cents (due to interest). Did I deposit the 14 cent check? You betcha!! Although they should have just direct deposit it into my checking account (I have a BofA checking account). As a side note, I did transfer ALL the money out of my savings to my checking prior to closing out the account, but because I did it mid-month, it generated the 14 cent interest. About a month ago I closed out my BofA savings account as the interest rate was too low. A couple weeks later, they sent me a check for 14 cents (due to interest).

Did I deposit the 14 cent check? You betcha!!

Although they should have just direct deposit it into my checking account (I have a BofA checking account).

As a side note, I did transfer ALL the money out of my savings to my checking prior to closing out the account, but because I did it mid-month, it generated the 14 cent interest.

]]> By: Kosmo @ The Casual Observer http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329086 Kosmo @ The Casual Observer Wed, 14 Oct 2009 02:53:07 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329086 A physical, paper, check? I hate to guess how much it cost the two entities to deal with the check. A physical, paper, check?

I hate to guess how much it cost the two entities to deal with the check.

]]> By: eric http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329085 eric Wed, 14 Oct 2009 02:26:24 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329085 The pain........! The pain……..!

]]> By: Mark Wolfinger http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329080 Mark Wolfinger Tue, 13 Oct 2009 23:51:48 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329080 April fools joke? In October? Best regards April fools joke? In October?

Best regards

]]> By: thomas http://www.bargaineering.com/articles/get-401k-rollover-checks-mailed-directly-to-ira.html/comment-page-1#comment-329070 thomas Tue, 13 Oct 2009 21:25:56 +0000 http://www.bargaineering.com/articles/?p=5203#comment-329070 I wonder how much it is going to cost everyone to move that $.83 I wonder how much it is going to cost everyone to move that $.83

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