[louisepc]

My husband has a 401K plan with a company that is doing very well in the stock market. The company is selling this particular property in Western NY. The new owner does not offer a 401K plan. What are our options with the money in the 401K? I know we can roll it into a Roth IRA but I was wondering if we need to do anything. I would love to keep the money invested in the stocks that we currently own. Thanks for any help.

[RickJ]

You can roll it into an IRA and keep your money in the same stocks, mutual funds, or whatever - that they're in now.

You can do it yourself (at fidelity.com for one) but I'm one who prefers to have a broker handle things for me. There's no charge to handle the transfer (a good broker will get a small percentage of your total annually, though) so unless you feel real confident with wading through the formalities (basically paperwork), then start shopping around for a good broker.

[louisepc]

Thank you so much for the info. We are so confused and no one was giving us answers. It will be a while before the new owner takes over so we have some time to get a broker.