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Old 01-29-2014, 11:17 AM   #21
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I have used my local Schwab office once, to roll over my 401k to an IRA when I retired - I did not want to mail a $300k check. They were very helpful, not pushy, and were able to answer my questions about the mechanics of doing 72t withdrawals.

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Old 01-29-2014, 04:57 PM   #22
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Join Date: Apr 2012
Location: San Diego
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Originally Posted by Gotadimple View Post
You can get the beneficiary designation set up now. Then when you are ready to roll over your 401K, call Schwab Customer Service. They will get on the phone with you and with your 401K provider and arrange an electronic transfer (no fuss! no muss!). I had my 401K at Fidelity and a Traditional IRA at Schwab. When I was able to do the rollover, I just called and they worked with me and Fidelity on the phone to make the arrangements.

Customer Service also offered to work with me on selecting investments, but as I already had an asset allocation in mind, I didn't follow up.

-- Rita
Schwab is absolutely willing to do this. Unfortunately, some 401k plans insist on cutting checks. The 401k I was transfering was managed by Hewitt and based on Northern Trust funds. The *employer* had specified that the rollovers had to have checks, rather than be electronic.

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