Catching a detail in broker reviews got my transfer done smoothly

I was moving my old 401k to a new account and dreading the usual hassle. While reading through broker reviews here, I kept seeing mentions of how some firms handle paperwork for you (which sounded too good to be true). I went with one that had several people saying the reps walked them through each step. Sure enough, when I called, the guy on the phone filled out most of the forms himself and emailed them to sign. The whole thing took maybe twenty minutes instead of the days I expected. It's a small thing, but not stressing over mail and faxes felt like a real win. (I'm usually the one who messes up that kind of stuff.) Now I tell friends to peek at reviews for those little nuggets that make life easier.

2 comments

2 Comments

the_barbara8d ago

Last year I moved two old 401ks to a new account. I only looked at brokers with reviews saying they handled the transfer calls. It cut the process down to one quick phone call each time.

the_jesse8d ago

Always figured that paperwork nightmare was just part of the deal. But reading @the_barbara's tip about checking for brokers who handle the transfer calls is honestly genius. Might have to try that next time.