Comments on: My husband used to work in Las Vegas and now he transferred here in Alaska, what happens to his 401k in Vegas? http://www.primetimelasvegas.com/monte-carlo-las-vegas/my-husband-used-to-work-in-las-vegas-and-now-he-transferred-here-in-alaska-what-happens-to-his-401k-in-vegas Las Vegas Cheap Hotel Deals, Coupons and Reviews Thu, 01 Jul 2010 00:52:59 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Jeanne R http://www.primetimelasvegas.com/monte-carlo-las-vegas/my-husband-used-to-work-in-las-vegas-and-now-he-transferred-here-in-alaska-what-happens-to-his-401k-in-vegas/comment-page-1#comment-3076 Jeanne R Sat, 17 Apr 2010 18:06:59 +0000 http://www.primetimelasvegas.com/monte-carlo-las-vegas/my-husband-used-to-work-in-las-vegas-and-now-he-transferred-here-in-alaska-what-happens-to-his-401k-in-vegas#comment-3076 He needs to set up an IRA with Schwab (great company, more choices), Fidelity( good mutual funds), or Vanguard( good mutual funds). The company will have him sign the papers to do a roll over from the 401(k) into the IRA. They will take care of everything for you.<br><b>References : </b><br> He needs to set up an IRA with Schwab (great company, more choices), Fidelity( good mutual funds), or Vanguard( good mutual funds). The company will have him sign the papers to do a roll over from the 401(k) into the IRA. They will take care of everything for you.
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]]> By: Banbalan B http://www.primetimelasvegas.com/monte-carlo-las-vegas/my-husband-used-to-work-in-las-vegas-and-now-he-transferred-here-in-alaska-what-happens-to-his-401k-in-vegas/comment-page-1#comment-3075 Banbalan B Sat, 17 Apr 2010 17:32:59 +0000 http://www.primetimelasvegas.com/monte-carlo-las-vegas/my-husband-used-to-work-in-las-vegas-and-now-he-transferred-here-in-alaska-what-happens-to-his-401k-in-vegas#comment-3075 Yes, the money is probably not handled by the employer but by a trust the employer set up for the benefit of employess. It probably is highly protected. I believe the problem is that the 401K administrators don't have your new address, so you are not getting the statements. Call them to give them your new information. By the way, there are ways to transfer these funds to IRA's or other retirement plans (for example, a 401K with current employer), without any tax penalties. Ask your current retirement plan administrator or bank officer. They do these tranfers every day.<br><b>References : </b><br> Yes, the money is probably not handled by the employer but by a trust the employer set up for the benefit of employess. It probably is highly protected.

I believe the problem is that the 401K administrators don’t have your new address, so you are not getting the statements. Call them to give them your new information.

By the way, there are ways to transfer these funds to IRA’s or other retirement plans (for example, a 401K with current employer), without any tax penalties. Ask your current retirement plan administrator or bank officer. They do these tranfers every day.
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