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Step 1
There are three main options when it comes to doing a 401K Rollover. You can roll over the 401k to your new employers 401K program, Rollover Into a Brokerage IRA, or Rollover Into a Mutual Fund IRA.
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Step 2
Check with your old provider to ensure that there will not be any unexpected snags or penalties for rolling your 401K over when you leave your job.
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Step 3
Obtain the rollover forms from your old employer. In most cases you need to fill out a form to request these forms from your employer. You can also call the investment department and request the forms over the phone.
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Step 4
After you have filled out the necessary forms to rollover your 401K, you need to contact your new employer to find out how to roll your 401K over to their account. Regardless of if you are starting a new 401(k), brokerage account, or mutual fund company, the process is usually the same.
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Step 5
After you have filled out all the forms correctly and completely, mail them off. The time varies from company to company but be sure to have a number to contact so that you can follow up on your rollover.
