One of the stresses that people have when changing jobs is how to rollover a 401k from their old employer. Luckly for us Patrick from Cash Money Life wrote a great article on how to rollover a 401K plan into an IRA. His article is a great guide for how to rollover your 401k.
In Patrick's guide he describes how to open an IRA, how to rollover you 401k assets, and general 401k advice. One of the things that Patrick explains really well is how to to a trustee-to-trustee transfer. The trustee-to-trustee transfer is the most important part of the 401k rollover. If you do not do this type of transfer, you don't have to worry about the 20% tax withholding that occurs if you do an indirect 401K rollover.
So, head on over to Cash Money Life and read Patrick's guide. It is excellent.
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