Comments on: Pink Slip Lemonade month goes out with a bang: To roll or not to roll your 401k? http://blog.newmeans.com/2009/07/03/pink-slip-lemonade-month-goes-out-with-a-bang-to-roll-or-not-to-roll-your-401k/ Break Away Without Going Broke (SM) Thu, 13 May 2010 17:10:32 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Job change? Employer stock in your old 401k? Read before IRA rollover! | THE CAREER CHANGE FINANCIAL PLANNER http://blog.newmeans.com/2009/07/03/pink-slip-lemonade-month-goes-out-with-a-bang-to-roll-or-not-to-roll-your-401k/comment-page-1/#comment-291 Job change? Employer stock in your old 401k? Read before IRA rollover! | THE CAREER CHANGE FINANCIAL PLANNER Fri, 25 Sep 2009 23:09:59 +0000 http://blog.newmeans.com/?p=998#comment-291 [...] discussed in a previous post, it’s usually a good idea to roll over your 401k when you leave a job. However, there are [...] [...] discussed in a previous post, it’s usually a good idea to roll over your 401k when you leave a job. However, there are [...]

]]> By: Sherrill St. Germain http://blog.newmeans.com/2009/07/03/pink-slip-lemonade-month-goes-out-with-a-bang-to-roll-or-not-to-roll-your-401k/comment-page-1/#comment-114 Sherrill St. Germain Fri, 17 Jul 2009 20:37:28 +0000 http://blog.newmeans.com/?p=998#comment-114 Excellent point, Paula! Especially these days, when companies are in such a state of flux, it's better to err on the side of caution. Thanks for calling it to our attention. Excellent point, Paula! Especially these days, when companies are in such a state of flux, it’s better to err on the side of caution. Thanks for calling it to our attention.

]]> By: Paula http://blog.newmeans.com/2009/07/03/pink-slip-lemonade-month-goes-out-with-a-bang-to-roll-or-not-to-roll-your-401k/comment-page-1/#comment-111 Paula Fri, 17 Jul 2009 13:36:39 +0000 http://blog.newmeans.com/?p=998#comment-111 Great information, Cheryl. Thanks for blogging! I just want to add a little more information to one of the scenarios where you might consider rolling over your 401(k) money to an IRA sooner rather than later. In your blog, you mention that "it’s not uncommon for employers to change 401k plans or 401k administrators to get acquired, further complicating matters." Often times, when employers change plan administrators or when companies are acquired (or God-forbid, go out of busines), they freeze the assets in a 401(k) plan for a period of time. If there is a chance someone may need to get at 401(k) money in the short-term and their former employer could be in any of these situations, I would consider expediting the rollover. Thanks, Paula Great information, Cheryl. Thanks for blogging!

I just want to add a little more information to one of the scenarios where you might consider rolling over your 401(k) money to an IRA sooner rather than later.

In your blog, you mention that “it’s not uncommon for employers to change 401k plans or 401k administrators to get acquired, further complicating matters.”

Often times, when employers change plan administrators or when companies are acquired (or God-forbid, go out of busines), they freeze the assets in a 401(k) plan for a period of time. If there is a chance someone may need to get at 401(k) money in the short-term and their former employer could be in any of these situations, I would consider expediting the rollover.

Thanks,
Paula

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