 Is the stock market going to recover? |
| It has been suffering a huge dip.. what's next?... |
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 Stocks.....? |
what is a good stock to invest in with a lump sum. I want something guarenteed, not too risky.
thank you.
Additional Details
yeah, i think your right about a regular savings ... |
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 What would some good (low capital, low risk) investments be for a 20 year old college student? |
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 What are the best stocks during recessions? |
| On what industries would you bet during a recession? What are the best countercyclical picks?... |
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 Would you rather start a franchise or start on real estate investing? |
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 Should I form my own S-Corp or LLC if I trade stocks? |
| I have a small portfolio of about $70,000 in which I regularly trade stocks. I'm not really a "daytrader," I tend to keep my positions open for about a month or so. Would it be ... |
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 I have 52 shares of Bank of America that I inherited from my grandma? |
I know nothing to very little about the stock market. I wonder if I should sell them all or invest in more and watch it grow.
Additional Details
All of your answers are helpful. Should I ... |
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 How can Oil prices still be increasing? |
| I dont quite understand why oil prices are continueing to rise because the World is being flooded with surplus amounts of Oil even though India and China's consumption has increased it doesn'... |
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 If you had 500k how would you invest? |
| Ive always wondered how people would invest with 500 grand? How much could you make in a year investing 500 grand?... |
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| Tell me what's wrong with this investment idea!!? |
| say I had $## and wanted to invest it to make money. Lets look at Fannie Mae - it is at 10.31 as of right now, but the 52 week high is around 70, with the 52 week low around 7. If I took some of my ... |
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 I have about £1000, I want to invest in forex or the stock market, is there anyone who can give good advice? |
| Possibly someone who makes good money from this kind of thing, could you please explain how, would be great ... |
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oneurbanite | Am I able to move money from my 401k? |
I have a 401k plan through the company I am currently employed with. Can I move any of that money into any other type of retirement plan that's not part of this company? |
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Brand X
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yes. It's called rolling over your account. Contact the place you wanna put the money into. |
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normobrian
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Same answer as above, but just make sure that you never touch the money. It must go directly from one account into the other, or you will pay 40% in taxes. |
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JQT
 |
Yes. You can roll over 401k to Traditional IRA or Roth IRA outside of your current custodian that might give you more investment options.
However, you may want to check your company policy. If you have company matching that's vesting over time, taking your own contribution out might mean you forfeit the company contribution. This might mean a lot of money.
While you rolling from from 401k to any kind of IRA, you have access to the money for 60 days. As long as you make sure the money is back in an IRA account before the end of 2 months, there is no penalty.
While you are selecting a new custodian for IRA, try to pick ones that does not collect or refund part of 12b-1 fee, i.e. eTrade.
Best wishes. |
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myersdf
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Yes to the headline question, but with caveats. You may have more flexibility with respect to this once you've left the company, as you will then have the choice of rolling the funds into a self-directed IRA, but even now, as a current employee, you can borrow from your own plan for specific purposes, such as house construction and education, if you observe certain rules covering repayment. Your company should have documentation or a website providing the relevant details. Be aware though, that there are tax penalties for taking monies from a 401k under anything other than the conditions specified. You asked about moving specifically to another retirement plan outside the company, but these plans typically don't allow for that while you're employed. |
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sacayouette
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This is a question only a tax accountant can answer as you don't say what type of 401k you have. There are about a thousand rules that could apply.
If you change jobs you can certainly transfer those funds to a new account.
As for anything else you could face a tax penalty. See an accountant to go over what you want to do. |
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Momma
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Same as second answer here, but you'll ALSO pay 10% penalty for early withdrawal if you're not 59-1/2 yrs old. |
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swanny2213
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No. Since you are still employed with the company you will not be able to move your 401k unless you pay penalties and taxes on it (which is not something you want to do). Once you leave the company then you can move it over to a Traditional IRA. |
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