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Reply to "401K question - embarrassed that i don't know answer"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you roll over? [/quote] Contact the firm you want to roll the account to; they will help you. So for example, my former employer's 401k is with Principal, but my personal investments are with T. Rowe Price. I called T. Rowe Price and they initiated the roll-over from Principal, on my behalf. It's really, really easy (like do over your lunch break and still have time to go get a sandwich easy). If you don't have an existing roll-over IRA, you might have to walk briskly to get your sandwich, but it's not an intensive process.[/quote] Thank you. At the risk of sounding moronic, what information do I need to have for the call? (What will I ask HR in my former hospital for?) [/quote] HR does not hold your 401k account. They are not a bank. You should have statements from these accounts that will show you the name of the bank or firm that has the account. Those are the people you should contact about rolling over the money.[/quote]
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