RustyShackleford
Recycles dryer sheets
- Joined
- Jul 10, 2008
- Messages
- 401
I work as a contractor (for my former employer), as a W-2 employee
of a "professional services" agency. I've just finished a job. I don't
know if they'll want me again in a month, or never again. It's hard
to say, and I'm cool with it.
But I have a 401K, with the last two year's contributions, through the
agency's plan, and I'd like to roll that money into my IRA now, to
simplify my portfolio and because the choices in the 401K plan are
kinda lame. I'm tempted to simply resign from the agency, ASAP,
and then initiate the rollover.
I reckon this simply means that if the client (my former employer)
wants me again, I'll simply be re-hired by the agency. I imagine
it just means I'd have to maybe fill out some forms again, perhaps
the verification thing (where you show your passport). Is there
something I'm missing, some reason it might bite me to resign if
suddenly I'm wanted again next month ?
of a "professional services" agency. I've just finished a job. I don't
know if they'll want me again in a month, or never again. It's hard
to say, and I'm cool with it.
But I have a 401K, with the last two year's contributions, through the
agency's plan, and I'd like to roll that money into my IRA now, to
simplify my portfolio and because the choices in the 401K plan are
kinda lame. I'm tempted to simply resign from the agency, ASAP,
and then initiate the rollover.
I reckon this simply means that if the client (my former employer)
wants me again, I'll simply be re-hired by the agency. I imagine
it just means I'd have to maybe fill out some forms again, perhaps
the verification thing (where you show your passport). Is there
something I'm missing, some reason it might bite me to resign if
suddenly I'm wanted again next month ?