The Transfer
Can you move old retirement plans away from old employers? How would you do it? Why would you do it?
Can you move old retirement plans away from old employers? How would you do it? Why would you do it?
Yes you can. You would simply go online to Vanguard.com and transfer a pre-tax account (includes a lump sum pension) to a Traditional IRA or an after tax account to a Roth IRA. It would be wise to select individual index funds owning stocks or bonds or a Target Retirement Fund that owns both types of securities.
Why? This is all about taking control of your money and getting it in one place where it is easy to manage at a low cost so it can grow over time by that amazing process called compound interest. Read What Color is the Sky to learn more. Financial freedom to follow!