I received the check from my previous employers's 401(k). Now I need to deposit it to my Fidelity account. Is this deposit transaction equivalent of buying stocks with cash? Meaning that I'd better deposit it when the market is low?
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- PayPal x ploy tedI believe you have a limited time window to move it to another qualified account. Like 60 days? Too lazy to look it up.
- You’ll have to pay tax now on it rather than keeping it as a pretax asset if you miss the window to move it to a new provider
- Facebook lqzD35Depositing the check to account wont automatically get you any stock, once money is in your IRA account you will have to decide what plan/stock you want it to be invested.
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