401K Question.

diamondx | Oct 31, 2015 | 140 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.

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Answers

Ally6770 | Oct 31, 2015 | 2,778 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 | 140 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.

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