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I will be leaving my job after 17years. I have a retirement fund and also was investing part of my salary.? |
How do I go about rolling over these funds? Roll these funds into a privately held IRA. Virtually every bank and financial institution offers rollover IRAs. You'll pay a severe penalty for taking control of these funds, even if you decide to roll them into an IRA within 60 days. So, don't take that chance. Do a rollover in which your fund never touches your hands. you can open an IRA account with an online broker like Scottrade or Etrade, then rollover your retirement account into the new IRA. roll it over to an ira at a no load fund company, dont roll it into a bank fund where they may charge you 5% up front loads, troweprice did mine pretty quickly, they called fidelity with me on the line and we worked it out, they sent me the check and i sent it on to troweprice |
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