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Old 01-29-2005, 12:28 AM
John Gaspar John Gaspar is offline
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Join Date: Sep 2002
Location: Woburn, MA
Posts: 43
Default Re: Quit my job and now i need some help!

TD Waterhouse will work as well as any other online brokerage.

I'm assuming you have less than 5k in your 401(k). If you have greater than 5k, your company can not force you to choose a rollover. If you have less than 5k, the company can and in most cases will force you to rollover your account. If you aren't comfortable researching brokerages, I'm sure Merrill Lynch will take the rollover. You'll have to fill out paperwork to open a personal IRA at Merrill and they would perform a transfer of your balance from your company account to your personal account. The downside will be the fees that you will have to pay for your stock holdings when you would like to sell.
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