Home  >  Financial Articles and Q&A  >  Hello i have 3 401k's open how do i join them into one or...

Hello i have 3 401k's open how do i join them into one or close them out:?

Jun 04, 2018 by john in  |  Flag
1 Answer  |  4 Followers
Follow Question
0 votes

Have the 2 that you no longer participate in transferred directly to the one you are currently participating in. Your Human Resourced Dept. can help you with this process.

If you are not actively participating in any of them, you can open an IRA and have all three directly transferred to the new IRA. Fidelity and Vanguard are both good options.

2 Comments   |  Flag   |  Jun 04, 2018 from Canton, GA

Roll it to an IRA.

Flag |  Jun 08, 2018

Then roll the IRA to a Health Savings Account. This is a one time opportunity, The money will grow tax free and is tax free upon withdrawal for IRS qualified medical expenses. You must be enrolled in an HSA qualified medical plan at the time of the rollover.

Flag |  Jun 08, 2018

1|600 characters needed characters left