Comments on: How to Rollover a 401k Plan into an IRA http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/ Money Management, Small Business, Career Fri, 19 Mar 2010 05:21:33 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Travis http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-20058 Travis Wed, 14 Oct 2009 15:59:30 +0000 http://cashmoneylife.com/?p=1887#comment-20058 Ryan, thanks for the info here; as to be honest with you, I'm very uninformed when it comes to a lot of this stuff. I figure it's better to educate myself early instead of waiting until it's too late! Ryan, thanks for the info here; as to be honest with you, I’m very uninformed when it comes to a lot of this stuff. I figure it’s better to educate myself early instead of waiting until it’s too late!

]]> By: Britt (Your Roth IRA) http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-20007 Britt (Your Roth IRA) Mon, 12 Oct 2009 02:02:02 +0000 http://cashmoneylife.com/?p=1887#comment-20007 Excellent comment about investing in index funds with low expense ratios. To me, this is the great advantage of rolling over your 401k to an IRA. Most 401k plans have much higher management fees than you might find on your own by shopping the marketplace. A few tenths of a point per year in saved management fees can equal a lot of money over the long-term. Excellent comment about investing in index funds with low expense ratios. To me, this is the great advantage of rolling over your 401k to an IRA. Most 401k plans have much higher management fees than you might find on your own by shopping the marketplace. A few tenths of a point per year in saved management fees can equal a lot of money over the long-term.

]]> By: Mrs. Micah http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-20006 Mrs. Micah Mon, 12 Oct 2009 01:54:24 +0000 http://cashmoneylife.com/?p=1887#comment-20006 Really? I don't think it sounds like gambling at all. Daytrading in your IRA is well, daytrading, and like short-term trading and gambling it's not a good idea. But the transfer doesn't sound anything like gambling. I'd rather have several old 401(k)s rolled into one account than cash out (fees) or leave them scattered. Doesn't mean I won't still invest in the same things I invest in now. Really? I don’t think it sounds like gambling at all. Daytrading in your IRA is well, daytrading, and like short-term trading and gambling it’s not a good idea. But the transfer doesn’t sound anything like gambling.

I’d rather have several old 401(k)s rolled into one account than cash out (fees) or leave them scattered. Doesn’t mean I won’t still invest in the same things I invest in now.

]]> By: ChristianPF http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-19996 ChristianPF Fri, 09 Oct 2009 15:44:11 +0000 http://cashmoneylife.com/?p=1887#comment-19996 This is something I still need to do, thanks for the reminder ;) This is something I still need to do, thanks for the reminder ;)

]]> By: Ryan http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-19993 Ryan Fri, 09 Oct 2009 11:21:50 +0000 http://cashmoneylife.com/?p=1887#comment-19993 The 401k to IRA transfer itself is no riskier than doing a bank transfer. Where and how you allocate your funds is determined by your risk tolerance and investment needs, but can be tailored to the same risk level, or lower, as you currently have in your 401k. The 401k to IRA transfer itself is no riskier than doing a bank transfer. Where and how you allocate your funds is determined by your risk tolerance and investment needs, but can be tailored to the same risk level, or lower, as you currently have in your 401k.

]]> By: John DeFlumeri Jr http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-19992 John DeFlumeri Jr Fri, 09 Oct 2009 10:56:58 +0000 http://cashmoneylife.com/?p=1887#comment-19992 Sounds extremely risky, like another form of gambling! Sounds extremely risky, like another form of gambling!

]]> By: Ryan http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-19974 Ryan Thu, 08 Oct 2009 10:31:53 +0000 http://cashmoneylife.com/?p=1887#comment-19974 FS, Good advice for people who want to day trade in their IRA, which is allowed. Personally, I keep my IRAs in index funds, which track a segment of the market and offer lower expense ratios than managed mutual funds. This is a better option for me because I can control where I invest, and how much I pay in fees. FS, Good advice for people who want to day trade in their IRA, which is allowed. Personally, I keep my IRAs in index funds, which track a segment of the market and offer lower expense ratios than managed mutual funds. This is a better option for me because I can control where I invest, and how much I pay in fees.

]]> By: Financial Samurai http://cashmoneylife.com/2009/10/07/how-to-rollover-a-401k-plan-into-an-ira/comment-page-1/#comment-19968 Financial Samurai Thu, 08 Oct 2009 06:47:01 +0000 http://cashmoneylife.com/?p=1887#comment-19968 I've known many colleagues who've rolled over their 401Ks into IRAs and have traded themselves to death and blown themselves up. Beware of this method! Only for the most disciplined! I’ve known many colleagues who’ve rolled over their 401Ks into IRAs and have traded themselves to death and blown themselves up.

Beware of this method! Only for the most disciplined!

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