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Steps for switching a 401k at one bank to an IRA at another bank?
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December 18th, 2023
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I have a 401k at bank A – I want to end up with its same contents in an IRA at bank B.
What are my best steps to do this? Should I roll it over to an IRA at bank A first, then do an in kind transfer of the new IRA to bank B?
And is there any advantage to making this happen by the end of the calendar year? (I’m many years away from anticipated withdrawals from any retirement acct, but might it simplify tax filing or anything else?)
I never worked for the company in question (I received the 401k a few years ago via QDRO) and can’t imagine I ever would
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