401k

[rvtraveler]

My husband just recieved a letter in the mail regarding his retirement savings that he has accumulated in his former employer retirement plan a 401K. The vested amount will be distributed or rolled-over to a IRA in PFG, an asset management company beginning this Nov.

We have a brokerage account that we could put these funds in. Is that an idea or will the cost of doing this be too high? Or the company he is now with has started a 401K plan with contributions, can these funds be rolled over in the new 401K? Not sure what the best route would be.

I am sure you guys and or gals could help me understand this.

[jIM_Ohio]

I would roll the old 401k to a rollover IRA at your company of choice. Then you have more control over the investments chosen and plan expenses.