What is a 401(k) Rollover?

A 401(k) rollover happens when you transfer the money out of your current 401(k) into a new tax-advantaged retirement account. Learn what a 401(k) rollover is and how it works.
  1. steveark says:

    I rolled over a seven figure 401K account when I retired five years ago. Oddly they said they could not transfer the money directly but would have to send me a check made out to my chosen IRA custodian, Vanguard. So I got a check for $1.4 Million in the mail and had to mail it to Vanguard. And my 401K was held by Wells Fargo, not some tiny company. It was pretty weird holding a check for that much of my own money! I hope they have a better system in place now.

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