If i quit my job what will happen to my 401k if I don't have another job to rollover?
Answer:
You can always put it into a bank ira. otherwise it will be penalized.
Within the 60 days
Rollover to To Rollover IRA, you have more option to invest through online brokerage
Typically your employer will request you to roll it into another account, or at least get their name off of it. I had a 401K from a previous job and it sat there for over a year - still investing, etc.
Some employers will let you leave it with their plan - depends on company policy.
You can roll it over into an IRA, such as with a bank or mutual fund.
Depends on the plan. Easy solution: Roll it over into an IRA, and every time you change jobs, rollover your 401k to the same IRA.
Depends on how much you have in your 401K. You may have the option to leave it right where it is if you have over, I believe, $50,000 in your account. Otherwise, you can do a rollover into an IRA with Fidelity, Charles Schwab, etc.. Your choice.
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