11-07-2006, 08:09 PM
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 Re: 401K rollover neil.hartley[at]kemira.com wrote: - quote - > The company I work for was sold on 10/01/06. The previous employer did
Typically you get "access" top 401k monies if you leave your employer.> not give me an option of what to do with my 401K. They did a direct > rollover into my new employer's plan. Should I have had an option of > what to do with my money?? Getting bought out MIGHT allow you to rollover into an IRA (I think we were given this choice when my company was bought out 5+ years ago). If you chose to "withdraw" the money, there will be a 10% penalty, and taxes levied (25%?) after that on the withdraw... unless you are of retirement age. Is the new 401k worse than the old one? |
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#-1
11-07-2006, 02:40 PM
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| 401K rollover The company I work for was sold on 10/01/06. The previous employer did not give me an option of what to do with my 401K. They did a direct rollover into my new employer's plan. Should I have had an option of what to do with my money?? |
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| 401k, rollover |
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