RASAP
Recycles dryer sheets
- Joined
- May 18, 2006
- Messages
- 120
This July, my company 401(k) plan will allow us to purchase almost any mutual we fund we want via a brokerage account. I called Vanguard to determine how investments in Vanguard funds would be handled when I roll over from a 401(k) to a Rollover IRA at retirement. The answer was that an "in-kind" transfer would take place. So far, so good. Then I asked, "What if one of the finds is closed at the time the in-kind transfer is to take place?" The answer was that I would no longer be able to keep that fund and that it would have to be sold.
Has anyone has any experience with this? Does this sound right?
Has anyone has any experience with this? Does this sound right?