401K Question.

diamondx | Oct 31, 2015 | 156 posts since 2011

How long does /should it take to transfer money in one fund to another ? I was thinking it would be like a stock purchase and that it would be done within 1 business day. . Not talking about cashing out or a rollover.

Post an answer

Answers

Ally6770 | Oct 31, 2015 | 2,893 posts since 2010

When I was working it would show the next morning as being transferred. Not sure if it is
quicker now. We would do it on-line.

diamondx | Nov 1, 2015 | 156 posts since 2011

Not any quicker --I transferred everything to a fixed income fund and it wasn't processed for 4 days --lost over $4k in value. Prudential.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.