http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html/comment-page-1#comment-19228 Nancy Fri, 01 Sep 2006 21:14:01 +0000 http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html#comment-19228 Jim..Congratulations on the new job! I wanted to point out that many 401k plans may not accept that rollover money, some plans just don't. They may not accept the money because it probably adds to their cost and paperwork. This is a great idea though if your new 401k plan offers solid fund choices or you may need to take out a 401k loan. Call the new 401k plan administrator or your benefits office to find out. If they don't accept rollover money..look at using a new IRA account-you'll want to keep that money separate and make sure to look at any maintenance or recordkeeping fees. Good Luck! Nancy Jim..Congratulations on the new job!
I wanted to point out that many 401k plans may not accept that rollover money, some plans just don’t. They may not accept the money because it probably adds to their cost and paperwork. This is a great idea though if your new 401k plan offers solid fund choices or you may need to take out a 401k loan.
Call the new 401k plan administrator or your benefits office to find out.
If they don’t accept rollover money..look at using a new IRA account-you’ll want to keep that money separate and make sure to look at any maintenance or recordkeeping fees.
Good Luck!
Nancy

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