I have had a 401k for the past three years with a former employer. I
recently went to work for another company that offers 401k. How can I
rollover the 401k from my previous employer into my new employers plan
without paying any penalties?
Answer: First, you need to check with your new employer to ensure that
their plan accepts rollovers. If they do, ask them for instructions on where
assets from your old 401k should be sent. Then contact your former employer
and ask for the necessary form(s) to complete a rollover into your new
employers plan. You incur no penalties when rolling assets from one plan to
another.
