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Updated over 7 years ago on . Most recent reply

Kevin Snyder's profile image
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Kevin Snyder
  • from Uniontown, Pennsylvania
  • Member since Sep 17, 2016
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Kevin Snyder
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Kevin Snyder
  • Uniontown, PA
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Tax, SDIRAs & Cost Segregation

What to do with my 401k after company sells or spins off?

Kevin Snyder
  • Uniontown, PA
Posted

The company I currently work for  is going to sell or spin off the company and the new company will have a new 401k plan . What are my options with my old 401k plan after this happens?

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Jessica Zolotorofe
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Jessica Zolotorofe
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Jessica Zolotorofe
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  • New Jersey
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Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

Agree with @Jeff Greenberg

That would be my suggestion, too. You can start with a regular SDIRA with a custodian handling payments and then once you are comfortable that you are well versed in the rules, you can even do a checkbook IRA and have the freedom of investing and writing your own checks from your IRA in connection with ownership and operation of the property.

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