Thread: Retirement plan
View Single Post
      11-15-2012, 01:20 PM   #4
gatorfast
Colonel
 
gatorfast's Avatar
 
Drives: MR E90 M3
Join Date: Jan 2008
Location: SoFla

Posts: 2,475
iTrader: (3)

Im assuming you are referring to a 401k plan? If so then your employer should have provided you info on your options each time you left your job. Contact the plan administrator and/or your former employers.

Your basic options will either be to 1. have them cut you a check (not recommended since you will incur taxes and early payment penalty) 2. Roll the funds into your current employers 401K 3. Roll the funds into a traditional or Roth IRA

Assuming you are relatively young, I would recommend the Roth IRA approach. You will pay taxes on the proceeds now but then you will have full control of your investments and they will grow tax free.
gatorfast is offline  
0
Reply With Quote