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Originally Posted by Rick D
So I've got my old 401k just sitting from my last job. I'm working again and thought it's time to do something with it?? But what or where do I start?? 
P.S. The new job does not offer a 401K at this point, well not one that makes any sense to get into anyway. So if I want to move my old 401K and keep adding to it what's the best way to go about it??
Signed Lost and confused!!!  |
Super easy!!! Go to the brokerage of your choice -- and ask them to do a ROLL OVER for you.... Bring the info (Statement) from the "old" so you have account numbers and all of that info... and they'll help you with filling out the paperwork and they'll do all the rest!
Some times they can "bring" the account over "in kind" --- just transferring all the holdings.... Some times they can't bring over the holdings and then they're all sold and converted to cash -- and they bring over the cash. Either way there's no taxes involved so it's not a big deal. Then you can start fresh! Buying whatever you want to in a "self directed" retirement plan.