What Happened To My Old 401K?

It’s always been a mystery to me how at the end of the day you put two socks in the dirty clothes hamper and when they get washed and folded somehow you only get one back. How is this possible? Is there some evil force that comes in the middle of the night and steals socks? Or maybe they’re all hiding in some secret compartment in the dryer. I don’t know. All I know is there a lot of “unmarried” socks in my drawer and they’re desperately looking for their other half.

This silly illustration reminds me a lot of old 401K accounts. There was a time when you and your 401K were together. You’d check it regularly, make some changes in it and evaluate its performance. That’s not the case anymore. You’ve moved on to bigger and better things. You may even be wondering what to do with it or how it’s been performing since you left. Or maybe you’re not sure if can do anything with it.
Below is an article that gives some excellent advice to consider before rolling a 401K into an IRA. There are some things to consider depending on your situation. I was especially intrigued about the one regarding company stock.
If you would to talk through some of the options, feel free to give us a call. We can help figure out what options are best for you.
Andy Whitten – A Financial Advisor of PFG Private Wealth Management, LLC
PFG Private Wealth Management, LLC is a Registered Investment Adviser


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