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Old 05-27-2006, 10:03 PM
joetaxpayer
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Default Re: 401k - IRA rollover--- newbie



max wrote:

- quote -

> Hello!
> Is legal to quit my job, roll over my 401k into an IRA, get re-hired an
> start a new 401k?
> Thanks
> Max


Yes. You know for sure your employer will re-hire you? Do you hate your
401(k) choices that much that you'd go through this effort?
JOE

 
Old 05-27-2006, 10:01 PM
Sandra Loosemore
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Default Re: 401k - IRA rollover--- newbie

max <max234[at]yahoo.com> writes:

- quote -

> Is legal to quit my job, roll over my 401k into an IRA, get re-hired
> an start a new 401k?


Sure. But it may take a while to process the rollover, and are you
sure you're going to get re-hired? And, are there any other accrued
benefits you'll lose if you leave the company and start over again as
a new hire -- like pension/profit sharing plan vesting, stock options,
vacation time quotas, credit towards a sabbatical, etc?

-Sandra

  #-1  
Old 05-27-2006, 09:33 PM
max
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Posts: n/a
Default 401k - IRA rollover--- newbie

Hello!

Is legal to quit my job, roll over my 401k into an IRA, get re-hired an start
a new 401k?

Thanks
Max

 

Tags
401k, ira, newbie, rollover
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