401k
How do I take my 401k an transfer it to my new job
Terry Says
Your new HR department will help you do that. But it might be easier to just call Fidelity or Vanguard (1-800-FIDELITY or 1-800 VANGUARD) and ask them to do a direct rollover to an IRA account they will open for you. They’ll handle all the paperwork by contacting your past company. All you have to do is pick the mutual funds. If you are under age 50, just tell them you want it all in the S&P 500 stock index fund. And if you are over 50, just tell them to put it in their Equity-Income fund. That should make it easy!
Then be sure to sign up for your new employer’s 40l(k) plan as soon as you are eligible.