Where would be the best place to roll over my 401k to on leaving my job?
I want to have control over and choice of diverse investment options.
Asked By: Marissa - 4/6/2010
Best Answer - Chosen by Asker
if you are wanting to trade single securities (stocks), it won't make much difference from Schwab, Ameritrade, Scottrade etc... More
Answered By: witz1960 - 4/7/2010
Additional Answers (4)
Fidelity Investments ... they have great customer service and oodles of no-load mutual funds to choose from for investing. They will help you with a rollover, and have excellent track records. I have used them for decades. If you like to buy individual stocks they also have low commissions, too.
Answered By: MoneyMonkey - 4/6/2010
Answered By: SoccerRefToo - 4/6/2010
If you have enough money I would move it to Fidelity. They have a nice array of no transaction fee mutual funds. Fidelity does charge fee's to smaller investors. There are some great fund families that have fine funds such as Royce Gabelli or Oakmark. Some of these funds will take as little as $250.
Answered By: Paul Nixon - 4/6/2010
To avoid losing any of your retirement saving and suffering penalties from early withdrawal or converting to a different investment product, do nothing with the 401(k) for now. When you get a new job roll it to the new company's 401(k). It's basically hassle free and doesn't carry any penalty.
Answered By: FW - 4/6/2010
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