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Retirement Rollover!

Discussion in 'Wal-Mart' started by braceface, Oct 9, 2012.

  1. Oct 9, 2012 #1
    braceface

    braceface Light Load Member

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    Aug 4, 2010
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    I was wondering if anyone could shed any light on Walmarts 401-k plan, who it is adminstered by, and the choices it offers.

    I have left my employer of 18 years, and will be starting with Walmart soon.

    I have a pretty good chunk of money in my previous employers 401-k plan, and I will be wanting to roll it over into either a IRA, probably with Vanguard, or into Walmarts 401-k retirement account.

    Any advice would be appreciated.

    Thanks!
     
    braceface, Oct 9, 2012
    braceface, Oct 9, 2012
    #1
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  3. Oct 9, 2012 #2
    tirednaz

    tirednaz Heavy Load Member

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    Look for annuities with guaranteed return at the age of 59 1/2. 401K are okay but there are lot better investments than that out there especially if you have qualified money.
     
    tirednaz, Oct 9, 2012
    tirednaz, Oct 9, 2012
    #2
    braceface and SurfingTrucker Thank this.
  4. Oct 9, 2012 #3
    cadillacdude1975

    cadillacdude1975 Road Train Member

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    just be sure to remove it in the correct manner so you wont get assessed the 33% tax for early withdrawl.
     
    cadillacdude1975, Oct 9, 2012
    cadillacdude1975, Oct 9, 2012
    #3
    braceface Thanks this.
  5. Oct 9, 2012 #4
    NYROADIE

    NYROADIE Heavy Load Member

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    Jun 24, 2010
    Rochester NY
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    Rol it over into your own IRA that way you have a larger choice of what to invest in. I'm sure Wally has has a lot to choose from but in your own IRA YOU have control.
     
    NYROADIE, Oct 9, 2012
    NYROADIE, Oct 9, 2012
    #4
    braceface Thanks this.
  7. Sep 11, 2018 #5
    9691Guido

    9691Guido Light Load Member

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    Merrill Lynch is the 401k administrator for Walmart. It is an OK plan with 6% matching. When I got hired I moved my previous 401k to Schwab because I wanted more options for purchasing mutual funds. Fidelity is also good. Don't transfer to the Walmart one because you only have a few options there.
     
    9691Guido, Sep 11, 2018
    9691Guido, Sep 11, 2018
    #5
    Jazz1 Thanks this.
  8. Sep 11, 2018 #6
    9691Guido

    9691Guido Light Load Member

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    You could also choose Merrill Lynch outside Walmart since you could view both accounts in the same login area.
     
    9691Guido, Sep 11, 2018
    9691Guido, Sep 11, 2018
    #6
  9. Sep 11, 2018 #7
    9691Guido

    9691Guido Light Load Member

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    Just realized I replied to a question from 2012
     
    9691Guido, Sep 11, 2018
    9691Guido, Sep 11, 2018
    #7
    Blackshack46 Thanks this.
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