Posted by redforlife on October 02, 2014 at 20:05:08 from (68.234.121.124):
In Reply to: Retirement question posted by wile E on October 01, 2014 at 17:16:07:
Some places have rules about not being able to do certain things with your 401K while you are an employee there, such as rolling it someplace else. If you quit, retire, or get fired those rules are all thrown out the window. My personal advice is to roll your company 401K to a place of your choice (personal 401K, IRA, whatever) whenever there is an employee/employer seperation. I had a chance to move mine one time during employment becuase of ownership change in company, and I did so even though I could of rolled it into the new company 401K plan. You are better off having it where you want it, where you have controll of it, and invested in what you want it invested in, then if something happens you only have yourself to blame and not someplace you use to work at for going broke.
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