[clearfund]

So until you quit, 99% odds they’ve got your cash.

Thanks

[clearfund]

So until you quit, 99% odds they’ve got your cash.

Thanks

[clearfund]

So until you quit, 99% odds they’ve got your cash.

Thanks

[clearfund]

SK – There is no confusion relating to the ability to roll over all funds from an employer plan to a new IRA after you have moved on (100% can do that)

Where there is little clear direction is what can be rolled over while you are still employed. This is the reason my response was to ask precise questions of your plan administrator. I’ve seen restrictions of many kinds while still employed.

Unfortunately I’ve never heard a clear yes/no answer. Hopefully there is someone out there who knows.

[clearfund]

SK – There is no confusion relating to the ability to roll over all funds from an employer plan to a new IRA after you have moved on (100% can do that)

Where there is little clear direction is what can be rolled over while you are still employed. This is the reason my response was to ask precise questions of your plan administrator. I’ve seen restrictions of many kinds while still employed.

Unfortunately I’ve never heard a clear yes/no answer. Hopefully there is someone out there who knows.

[clearfund]

SK – There is no confusion relating to the ability to roll over all funds from an employer plan to a new IRA after you have moved on (100% can do that)

Where there is little clear direction is what can be rolled over while you are still employed. This is the reason my response was to ask precise questions of your plan administrator. I’ve seen restrictions of many kinds while still employed.

Unfortunately I’ve never heard a clear yes/no answer. Hopefully there is someone out there who knows.

[clearfund]

SK – There is no confusion relating to the ability to roll over all funds from an employer plan to a new IRA after you have moved on (100% can do that)

Where there is little clear direction is what can be rolled over while you are still employed. This is the reason my response was to ask precise questions of your plan administrator. I’ve seen restrictions of many kinds while still employed.

Unfortunately I’ve never heard a clear yes/no answer. Hopefully there is someone out there who knows.

[clearfund]

SK – There is no confusion relating to the ability to roll over all funds from an employer plan to a new IRA after you have moved on (100% can do that)

Where there is little clear direction is what can be rolled over while you are still employed. This is the reason my response was to ask precise questions of your plan administrator. I’ve seen restrictions of many kinds while still employed.

Unfortunately I’ve never heard a clear yes/no answer. Hopefully there is someone out there who knows.

[clearfund]

You should check with your administrator and see if you can rollover all/part of your 401k to a new IRA at a custodian where you have more choices.

Specifically, be sure and get a specific response to the ability to rollover 1) your deferred salary i.e. your contributon; and/or 2) your employers contribution.

To me, the most interesting exception being the fact that the law only applies to your pre-tax salary deferrals. You CAN rollover (or otherwise withdraw) employer contributions, or employee (after-tax or rollover) contributions.

Be sure to find out if there are any required taxes or penalties.

In summary, you should be able to rollover at least a portion of your 401k to a custodian that gives you more choices. It may be a traditional brokerage such as Schwab/Fidelity/Morgan, or my favorite a Self Directed IRA.

Regardless be sure they address the 2 different ‘buckets’ of contributions as every plan has its own unique rules.

[clearfund]

You should check with your administrator and see if you can rollover all/part of your 401k to a new IRA at a custodian where you have more choices.

Specifically, be sure and get a specific response to the ability to rollover 1) your deferred salary i.e. your contributon; and/or 2) your employers contribution.

To me, the most interesting exception being the fact that the law only applies to your pre-tax salary deferrals. You CAN rollover (or otherwise withdraw) employer contributions, or employee (after-tax or rollover) contributions.

Be sure to find out if there are any required taxes or penalties.

In summary, you should be able to rollover at least a portion of your 401k to a custodian that gives you more choices. It may be a traditional brokerage such as Schwab/Fidelity/Morgan, or my favorite a Self Directed IRA.

Regardless be sure they address the 2 different ‘buckets’ of contributions as every plan has its own unique rules.

[clearfund]

You should check with your administrator and see if you can rollover all/part of your 401k to a new IRA at a custodian where you have more choices.

Specifically, be sure and get a specific response to the ability to rollover 1) your deferred salary i.e. your contributon; and/or 2) your employers contribution.

To me, the most interesting exception being the fact that the law only applies to your pre-tax salary deferrals. You CAN rollover (or otherwise withdraw) employer contributions, or employee (after-tax or rollover) contributions.

Be sure to find out if there are any required taxes or penalties.

In summary, you should be able to rollover at least a portion of your 401k to a custodian that gives you more choices. It may be a traditional brokerage such as Schwab/Fidelity/Morgan, or my favorite a Self Directed IRA.

Regardless be sure they address the 2 different ‘buckets’ of contributions as every plan has its own unique rules.

[clearfund]

You should check with your administrator and see if you can rollover all/part of your 401k to a new IRA at a custodian where you have more choices.

Specifically, be sure and get a specific response to the ability to rollover 1) your deferred salary i.e. your contributon; and/or 2) your employers contribution.

To me, the most interesting exception being the fact that the law only applies to your pre-tax salary deferrals. You CAN rollover (or otherwise withdraw) employer contributions, or employee (after-tax or rollover) contributions.

Be sure to find out if there are any required taxes or penalties.

In summary, you should be able to rollover at least a portion of your 401k to a custodian that gives you more choices. It may be a traditional brokerage such as Schwab/Fidelity/Morgan, or my favorite a Self Directed IRA.

Regardless be sure they address the 2 different ‘buckets’ of contributions as every plan has its own unique rules.

[clearfund]

You should check with your administrator and see if you can rollover all/part of your 401k to a new IRA at a custodian where you have more choices.

Specifically, be sure and get a specific response to the ability to rollover 1) your deferred salary i.e. your contributon; and/or 2) your employers contribution.

To me, the most interesting exception being the fact that the law only applies to your pre-tax salary deferrals. You CAN rollover (or otherwise withdraw) employer contributions, or employee (after-tax or rollover) contributions.

Be sure to find out if there are any required taxes or penalties.

In summary, you should be able to rollover at least a portion of your 401k to a custodian that gives you more choices. It may be a traditional brokerage such as Schwab/Fidelity/Morgan, or my favorite a Self Directed IRA.

Regardless be sure they address the 2 different ‘buckets’ of contributions as every plan has its own unique rules.

[clearfund]

Socrattt – How long ago did you do this?

One solution that a vast majority of our real estate investor clients to use is a “Self Directed Real Estate IRA”. This is a tax free rollover!

Essentially you roll over/convert your current IRAs/401k/etc into a Self Directed IRA at one of the self directed IRA custodians. Thus they transfer your funds from Citi, Morgan, Fidelity, etc to these self directed firms and you are free to use these funds for real estate based investments, etc.

Once done you can invest in virtually anything you want, when you want to. You can invest in investment real estate, make real estate loans, etc. You could even invest in a hot dog stand if you felt so inclined.

Now the same rules about forbidden transactions apply (cannot lend to your family, or buy a vacatin home for yourself, etc).

We’ve found freedom from Wall Street by being able to invest in debt/equity in real estate with funds that were previously held hostage by the large brokerages.

Google “Self Directed IRA” and become enlightened. Most people have never heard of this process as the big boys want to crush it.

You’ll find a lot of info, and custodians. Over the years we’ve narrowed our custodian providers down to two who provide great service at the lowest relative fees.

[clearfund]

Socrattt – How long ago did you do this?

One solution that a vast majority of our real estate investor clients to use is a “Self Directed Real Estate IRA”. This is a tax free rollover!

Essentially you roll over/convert your current IRAs/401k/etc into a Self Directed IRA at one of the self directed IRA custodians. Thus they transfer your funds from Citi, Morgan, Fidelity, etc to these self directed firms and you are free to use these funds for real estate based investments, etc.

Once done you can invest in virtually anything you want, when you want to. You can invest in investment real estate, make real estate loans, etc. You could even invest in a hot dog stand if you felt so inclined.

Now the same rules about forbidden transactions apply (cannot lend to your family, or buy a vacatin home for yourself, etc).

We’ve found freedom from Wall Street by being able to invest in debt/equity in real estate with funds that were previously held hostage by the large brokerages.

Google “Self Directed IRA” and become enlightened. Most people have never heard of this process as the big boys want to crush it.

You’ll find a lot of info, and custodians. Over the years we’ve narrowed our custodian providers down to two who provide great service at the lowest relative fees.

[Author]

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