| Author | Message | ||
     Andhravodu Kurra Bewarse Username: Andhravodu Post Number: 2727 Registered: 04-2017 Rating: N/A |
Roth IRA ani mis typed. Roll-over IRA is correct Open account in any brokerage. I use fidelity as it's super easy interface. Creating a rollover account is less than 5 minutes work If fidelity has your old 401k company, you can do direct transfer. Otherwise, they will give instructions to send payments. Call your old 401k provider, and ask them to send check to Fidelity with account number. This works One important point. your 401k account will have option of sending check to you. Never do this, as it'll get treated as 401k distribution and IRS will send tax bill to you after 2 years. If you forget, you will end up paying double taxes |