To: nmh
Ideally they’d like you to MOVE the 401K to the next employer.
No, no, no. Do not move it to your next employer’s plan. Roll it over into a private plan with someone like Fidelity or Vanguard. The it’s 100% yours and you have 100% control of it. Exact same tax advantages as a 401K plan with an employer, but you are in charge of your own money.
15 posted on
08/13/2010 3:01:20 PM PDT by
Brookhaven
(The next step for the Tea Party--The Conservative Hand--is available at Amazon.com)
To: Brookhaven
“No, no, no. Do not move it to your next employer’s plan. Roll it over into a private plan with someone like Fidelity or Vanguard. The it’s 100% yours and you have 100% control of it. Exact same tax advantages as a 401K plan with an employer, but you are in charge of your own money.”
True ... I didn’t specify where. You have ot be careful where you put it nexr.
33 posted on
08/13/2010 4:37:09 PM PDT by
nmh
(Intelligent people recognize Intelligent Design (God).)
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