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401(k) Rollovers Posted by Bill Homer [Email] (#3427) [Profile/Gallery] (more from Bill Homer) on Wed, 15 Apr 2015 08:34:17 In Reply to: Re: Thanks for these comments....I think cute and cuddly, EGD [Profile/Gallery] , Tue, 14 Apr 2015 22:25:30 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Not sure how your 401(k) is set up or administered, but I would get my money out of your company's plan ASAP. Some companies charge you an annual "account maintenance fee", you will have more control over what's done with it, it will be in your name, you will more completely sever your ties with the old place, etc. - all compelling reasons to claim it and take it with you.
Also, depending on the corporation and their retirement plans, are you sure that you are not eligible for any pension program they had besides the 401(k)? I recently helped an overseas friend of mine negotiate the maze with a corporation that we both worked for decades ago - he's now getting monthly pension payments (reduced amount as he is younger than 65). Note that most corporations have now eliminated this type of plan, but depending on when you started, there may be something.
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