Comments on: What happens to a 401K when the company is sold to another that does not continue it? http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/ Thu, 17 May 2012 21:37:00 +0000 http://wordpress.org/?v=2.7 hourly 1 By: becca9892003 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/comment-page-1/#comment-1896 becca9892003 Thu, 14 May 2009 03:59:06 +0000 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/#comment-1896 roll it over into something else..get ahold of a financial advisor who can guide you through this roll it over into something else..get ahold of a financial advisor who can guide you through this

]]> By: Emo http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/comment-page-1/#comment-1895 Emo Mon, 11 May 2009 00:38:05 +0000 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/#comment-1895 If you cannot get help from the new company, or from the financial instution that was holding your monies, I would try contacting the DOL. They are there to help you when an employer goes "missing". If you cannot get help from the new company, or from the financial instution that was holding your monies, I would try contacting the DOL. They are there to help you when an employer goes “missing”.

]]> By: Gem http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/comment-page-1/#comment-1894 Gem Sun, 10 May 2009 18:24:41 +0000 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/#comment-1894 Take your last statement and go to a financial advisor (like at T Rowe Price, Morgan Stanley, Raymond James, or a small independent). You need to get this rolled over into a IRA ASAP. You don't want to lose any of the money you contributed, and you are in danger of that. And if your company has already changed names twice, you may have already lost some due to the time limits on rollovers. Go! Take your last statement and go to a financial advisor (like at T Rowe Price, Morgan Stanley, Raymond James, or a small independent). You need to get this rolled over into a IRA ASAP.

You don’t want to lose any of the money you contributed, and you are in danger of that. And if your company has already changed names twice, you may have already lost some due to the time limits on rollovers.

Go!

]]> By: newjerseyguy http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/comment-page-1/#comment-1893 newjerseyguy Thu, 07 May 2009 14:13:58 +0000 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/#comment-1893 The funds are invested with an outside plan trustee and cannot be looted by the company. That said, if the (new) company is no longer continuing the plan, you can do a direct rollover IRA. You should have account statements that provide the trustee information. For further info on IRAs, see or. The funds are invested with an outside plan trustee and cannot be looted by the company. That said, if the (new) company is no longer continuing the plan, you can do a direct rollover IRA.

You should have account statements that provide the trustee information. For further info on IRAs, see or.

]]> By: Domino http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/comment-page-1/#comment-1892 Domino Mon, 04 May 2009 11:35:28 +0000 http://www.secretfinance.com/blog/what-happens-to-a-401k-when-the-company-is-sold-to-another-that-does-not-continue-it/#comment-1892 it is your money and job or no job it is still yours. you don't want to withdraw the money, you should roll it over or you lose 30% it is your money and job or no job it is still yours. you don’t want to withdraw the money, you should roll it over or you lose 30%

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