Decide where to move the 401(k): traditional IRA, Roth IRA, or a new employer’s 401(k)
Check whether your current plan allows an in-service withdrawal or rollover
Open the receiving account if needed
Contact your current 401(k) plan administrator
Request a direct rollover whenever possible
Provide the receiving account details and rollover instructions
Choose direct transfer instead of receiving a check made out to you
If you receive a check, deposit it into the new account within 60 days
Withhold taxes only if required and understand the tax impact
Confirm whether the rollover will be pre-tax or after-tax
Ask about fees, investment options, and fund restrictions
Review any employer stock or special tax treatment before rolling over
Keep records of all forms, confirmations, and statements
Verify that the funds arrive in the new account
Update beneficiaries on the new account
Avoid taking a cash distribution unless necessary