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How do I choose a new 401(k) to rollover?
I'm soon to be switching employers and I know to rollover my 401(k), but if I don't want to use my new company's plans, can I just pick an investment firm to handle it? Do employers still typically contribute to these outside plans?
1 Answer
- Ryan DLv 41 decade agoFavorite Answer
The answer to all of your questions is "Talk to your HR department." There are any number of different ways of handling a 401(k), and only your employer is going to be able to tell you what your options are. There are number of reputable investment firms that would love to help you, for a fee, but even they can't do anything until they know exactly the terms dictated by your employer.
