Where Can You Rollover A 401K?

  1. 440 POINTS
    Albert Rasmussen
    owner, retireright, sc
    A 401k can be rolled over at most any bank, insurance, investment, financial firm in the country. The type of investment or annuity vehicle is actually the choice you must understand.That vehicle will get you different types of return on your money. Its very important to research where the 401k is rolled over which notifies the IRS or the rollover so it is not taxable.
    Answered on October 8, 2014
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A 401(k) can be rolled into several investment vehicles. The character of the money must remain the same so it is essential that you differentiate any money in the 401(k) that came from after tax dollars. It is usually best to take those out directly and either spend them (they are tax free) or invest in a Roth IRA. The balance can be rolled into any Individual Retirement Account.
    Answered on October 8, 2014
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