Expert: Ed McFarland - 3/12/2006

Question
I have three 401k accounts, one from a former employer approx $55,000, one from my current employer approx 30,000 and one from my husbands employer approx. 15,000.    Would it benefit to have them all together in one account, and how could  i do that?  

Answer
It is easy, if the 2 old 401ks are yours you can roll them into your current employer's 401k. Ask the people in benefits if the current plan does accept rollovers. If it does, they will give you the forms.

If the plan doesn't then you can roll it over into a IRA account. The advantage to doing that is you'll have more choices and control. Check out an independent financial planner for choices.

If your husband's employer 401k is in his name you can't combine them.

Good luck