Lisa99
Thinks s/he gets paid by the post
- Joined
- Aug 5, 2010
- Messages
- 1,440
My DH lost his job today in a corporate downsizing. He's happy about it since the environment was toxic. This gave him the push to find something he's happy with since money isn't a concern.
One of the decisions we have to make is whether to leave his 401k where it is or roll it into a Vanguard IRA.
I've done some googling but thought I'd ask the experts. Are there any reasons financially to not move his money into a roll-over IRA? He's 48 so the one reason I found re: being able to use the money penalty free if you retire at 55 doesn't apply.
One of the decisions we have to make is whether to leave his 401k where it is or roll it into a Vanguard IRA.
I've done some googling but thought I'd ask the experts. Are there any reasons financially to not move his money into a roll-over IRA? He's 48 so the one reason I found re: being able to use the money penalty free if you retire at 55 doesn't apply.