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Can I transfer my 401k to an IRA?
Asked by unknown
1 Answers
Keep in mind that 401k rollovers into an IRA may lose their protection if commingled with a contributory IRA. No one ever plans on getting sued but at the same time, no one is immune so consider keeping retirement funds in a company plan rather than an IRA if all else is equal.
How to roll over a 401k to an IRA?
Asked by unknown
1 Answers
Decide on a Roth or a traditional IRA. If you roll into a Roth IRA, you'll owe taxes on the rolled amount. Open a rollover IRA account. Ask your 401k plan for a direct rollover. Make your investment choices.
Can one transfer money from a 401k to an IRA while still employed?
Asked by unknown
1 Answers
Most people roll over 401(k) savings into an IRA when they change jobs or retire. But, the majority of plans allow employees to roll over funds while they are still working. A 401(k) rollover into an IRA may offer the opportunity for more control, more diversified investments and flexible beneficiary options.