the difference between 401K and IRA?

[foreigngirl]

I have ni clue about these stuff. Can someone explain this please? While I was working I had 401K. Now that I am not working anymore I get letters from IRA companies telling me I should roll over my 401K into IRA

 

[hotzie]

copy cat thread

 

[foreigngirl]

copy cat thread

gay ass name

 

[Raptorex]

Once you left your company, you should roll your 401k into an IRA rollover, you won't be taxed and you can invest, go to Fidelity.com and read about it there.

 

[foreigngirl]

Once you left your company, you should roll your 401k into an IRA rollover, you won't be taxed and you can invest, go to Fidelity.com and read about it there.

Thanks
Is it gonna hurt me if I stay with 401K? What is the big difference?

 

[seizer]

I have ni clue about these stuff. Can someone explain this please? While I was working I had 401K. Now that I am not working anymore I get letters from IRA companies telling me I should roll over my 401K into IRA

I'm sorry, but this language barrier is just too much.

Mods, take her away.

 

[foreigngirl]

I'm sorry, but this language barrier is just too much.

Mods, take her away.

oh, you know it was a typo.



I thought you gonna give me a serious opinion.

 

[Raptorex]

Thanks
Is it gonna hurt me if I stay with 401K? What is the big difference?

Yes, if they are investing in themselves, or bad funds, you could lose it all. Take control and move it to a rollover IRA (changing investments is usually free).

 

[seizer]

oh, you know it was a typo.



I thought you gonna give me a serious opinion.

lol, serious opinion.

No, I'm sorry. I am unable to comply.

 

[foreigngirl]

Yes, if they are investing in themselves, or bad funds, you could lose it all. Take control and move it to a rollover IRA (changing investments is usually free).

oh, shit. I dont want that happening. I never liked the fact that they invest my money in what they choose