Rolling over your 401(k) planUnless your company has an outstanding 401(k) plan, you should consider taking the account with you if you leave the company. If you're going to another company, you may be able to roll it over into the new company's plan. If not, you can roll your 401(k) into an IRA at a brokerage. This gives you more control over your account and, in most cases, you'll have much better investment options at a brokerage.
Just make sure you follow the proper procedures. The plan sponsor or the human resources department will assist you in transferring the money. You don't want to accidentally cash out your retirement plan and get stuck paying taxes and penalties for early withdrawal.
From: BankRate.com
Rolling over your 
1 comment:
You have 60 days from the time you take the distribution, in a rollover, until it must be reinvested -- before any penalty applies. Just FYI.
Janet
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