Reply to Rolling over 401k (from former job) into IRA- now or wait?

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Reply to "Rolling over 401k (from former job) into IRA- now or wait?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You want the money moved directly.  Don't let anyone send you a check directly.  Just call Vanguard and they'll walk you through it.

If you are liquidating and then purchasing like investments, timing doesn't really matter, except for a couple of days of market movement, since you will be buying in at about the same level as you are selling.  That would be true no matter when you did it, although a case could be made that the present volatility puts you at a little more risk that normal.[/quote]

Hmmm ok, I followed the online steps on Vanguard to set up an IRA and the instructions said something about getting a check (from Fidelity in this case). Fidelity also told me they couldnt do a direct transfer. I’ll try calling Vanguard next, seems like this is more difficult than it needs to be.[/quote]

Fidelity is a pain when it comes to this—at least they were a few years ago.  I think they only give checks, not electronic transfers.  It’s a pretty big hassle, but worth it to have everything consolidated.[/quote]

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