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To: H Peterson who wrote (1205)1/24/2000 10:13:00 AM
From: DownSouth  Read Replies (1) | Respond to of 35685
 
HP, be careful. You can't roll your 401(k) into an IRA or a new employer's 401(k) until you leave your employer.

Opening an IRA takes only a few minutes. Rolling your 401(k) into your new IRA (when you leave) takes a one page form. The check is sent to you, payable to your IRA custodian. You give it to your IRA custodian (your broker) and its done. Then you invest it the way you want.

If you are really interested, here is a very informative book for you to consider:

IRAs, 401(k)s, and Other Retirement Plans: Taking Your Money Out
by Twila Slesnick, John C. Suttle

amazon.com