Anonymous wrote:IRA if you know you will need the money only after you turn 60

It is retirement money regardless.

Anonymous wrote:IRA if you know you will need the money only after you turn 60

Otherwise? which one offers more flexibility?

IRA if you know you will need the money only after you turn 60

No i don't want to pay the taxes or penalty, so I was thinking about what the best way to roll it over is. The new employer won't match 401k for a year so I was thinking not contributing for at least a year since i need the $$$$. So is IRA better in this case?

Anonymous wrote:I would roll it over to an IRA like Vanguard 500index. Contact Vanguard and they can help you through the process.

+1. Or if you already have accounts with any brokerage, eTrade, Ameritrade, Schwab, you can roll into there.
IRA gives you a lot more options than 401k.

But, if you are happy enough with the performance of your current 401k, you can leave it. There is no *need* to move it.

you have to roll it over. unless you want to pay the tax and penalty.

I would roll it over to an IRA like Vanguard 500index. Contact Vanguard and they can help you through the process.

Are you going to a new employer that offers a 401k? If so, I'd roll the old one into the new one.

I have resigned from my position and do not have a lot of money on my 401k, about $8k. What should i do with the money now that i am leaving hte employer?