HUNT VALLEY, Md. ( TheStreet) -- To roll or not to roll -- that is the question. When you leave a company, you have the following options facing you:
- If the plan allows, you may be able to leave your 401(k) in the existing plan.
- You may transfer cash from the existing 401(k) directly to your new 401(k).
- You can conduct a direct rollover from the 401(k) to an IRA.
|Only the owner of a 401(k) who has reached the age of 55 and parted service from the company running the 401(k) may take withdrawals with no penalty.|