Let it sit, or roll it over?

Lavender Room
1

Lucy was working for Home Depot and left. She has a 401K there and has an old IRA from another job that we have just left. Should we roll the 401K to IRA? The 401K does not have a lot of money in it, just a couple grand. The IRA has a substantial amount.

At first I wanted to roll the 401K over, but I’ve been thinking that she should just leave it and forget about it. When the time comes it will be just a little money for whatever we want when it’s time. We got a letter saying that she could leave it until she reaches 70.5 years of age.

I’m not very good at these things and any help appreciated.

2

roll it into your IRA, you want to have control over the money and know where it is.

2 Likes
3

roll it into your IRA, you want to have control over the money and know where it is.

Seriously, neither of us has looked at the IRA for many years. I could not even tell you how much is in there except I know it’s a decent amount.

Lucy has a call into the account manager but I wanted some info so she doesn’t sound like an idiot when she talks to her.

4

roll it into your IRA, you want to have control over the money and know where it is.

  • 1 put it together into one account.