Anyone rolled over a 401(k) to another financial services account?

Discussion in 'Community Discussion' started by tzhu07, Sep 20, 2015.

  1. tzhu07 macrumors regular

    tzhu07

    Joined:
    Nov 12, 2008
    #1
    How do you do this without leaving the market?

    Let's assume you're maintaining the same mutual fund in the new account.

    The danger of a sell & buy rollover is that during the rollover transaction period, you may be screwed because you sold during a market down-tick, and re-bought the same fund during a market up-tick. Are there ways of avoiding this? Can you time exactly when to sell and when to re-buy again?
     
  2. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #2
    I don't think there's any way of avoid the risk of selling the shares during a low period of the market. The transactions are usually fairly quick so I don't thnk it will be sold on the down cycle and then bought on the up cycle.

    if you're worried about that, keep the money where its at.
     
  3. Gregg2 macrumors 603

    Joined:
    May 22, 2008
    Location:
    Milwaukee, WI
    #3
    It's a seamless process. The new fund manager will handle the transactions, you just supply them with your current account number, etc.
     

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