Financial Planning Toolkit for Single Women [and the people who love them]

This month I spoke to a woman who was confused about 401(k) transfer rules. She had recently left a job and wanted to roll her prior company 401(k) into her new company 401(k), but thought the transfer limit was $18,000. She had more than $18,000 in the old plan, and wondered what to do with the rest.

In fact the there is no $18K transfer limit. $18,000 is the CONTRIBUTION limit, the limit of how much new money you can contribute to a plan. ($24,000 for people age 50 and older).

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