http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 02:01:03 -0500 http://wordpress.org/?v=2.8.5 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

]]> http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html/comment-page-1#comment-18739 Mr.Rehab Tue, 29 Aug 2006 17:40:54 +0000 http://www.bargaineering.com/articles/rolling-over-retirement-accounts-401k.html#comment-18739 The average account balance of U.S. workers who've participated in 401(k) plans since 1999 grew 9.6 percent to $102,014, the Employee Benefit Research Institute and Investment Company Institute said in a statement last week. The average account balance of U.S. workers who’ve participated in 401(k) plans since 1999 grew 9.6 percent to $102,014, the Employee Benefit Research Institute and Investment Company Institute said in a statement last week.

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