retirement account from former employer that has gone out of business.
I have a t. rowe price retirement 2025 fund from former employer. I would like to know what I should do with this account? also can I save on 2020 taxes by moving this account. I am 59 years old and don’t really understand these accounts.
Terry Says
Contact T. Rowe Price. 800-638-5660. I assume that it has been “rolled over” from your employer’s old 40l(k) plan. If it has not, ask them to do the DIRECT ROLLOVER to a Rollover IRA. You can keep the same fund. But now it will be under your control. And if you are still working you can add to it every year.