Some facts on rollover 401k. A 401k rollover refers to moving a 401k plan from a former or current employer into either an IRA or another qualified plan. IRA stands for “individual retirement account” and has similar rules to the 401k. You are most likely not required to consolidate your retirement accounts into an IRA but many people choose to do so. If you contribute to several 401k plans in your lifetime, you may find yourself doing a rollover more than once.
Rollover 401k
November 15th, 2007 | Finance