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    jbowman99's Avatar
    jbowman99 Posts: 1, Reputation: 1
    New Member

    Jun 17, 2008, 07:30 AM
    How to find a lost 401K
    My question is.
    I was putting money in a 401K with my last employer. I changed employers just about a year ago, I have a new 401K plan with them.
    Is there a way I can get the old 401K in my bank account or do I have to roll it over into the exsisting account. Thank you,
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
    Computer Expert and Renaissance Man

    Jun 17, 2008, 07:39 AM
    You can leave the account in the old employer's plan if they permit (and obviously they do). You can request the money be rolled over into your new plan (my recommendation). Or you can request the amount be rolled over into an IRA.

    If you just take the money out, you will pay a penalty and owe taxes.

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