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Transfer of 401(k)
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not been recently
reviewed or revised by the author and may be out of date. If in doubt,
please send a new question or ask for an update.
Q:
How long does it take to transfer money from a 401(k) plan?
A:
It takes longer than you would expect. 60-90 days is common; longer if forms are not completed properly the first time. You can help minimize the time by making sure all paperwork requirements are complete, with notarizations and signature guarantees where necessary and then following up by telephone about every 10 days. Many financial firms have dedicated specialists to help speed up the process. Ask about this at the time the transfer is started.
Summary
More resources:
www.wealthmanagement.us.com
