My important different had a job that she solely stayed at for a number of months however she contributed to a 401k whereas there which was managed by Lincoln Monetary.
She switched positions to a brand new firm and since there was only some thousand {dollars} within the account it appears to be like like her outdated employer kicked her out a number of months in the past and her cash was moved to an IRA account for her with Lincoln Monetary.
This new IRA is known as one thing alongside the strains of a “fastened annuity account” which is incomes a couple of greenback a month in curiosity. We’re unable to vary the funding to a special fund that may truly earn curiosity.
Is that this widespread? Will we be capable to change the funding at some later time limit? Or is the one choice to roll this IRA over into her new employer’s 401k plan?
Thanks
