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re: VFFSX info for 401k rollover

Posted on 1/8/24 at 4:13 pm to
Posted by baldona
Florida
Member since Feb 2016
20625 posts
Posted on 1/8/24 at 4:13 pm to
quote:


Would it not be better to roll it into a 401k so I can max it out yearly or would it be the same even though I can only max $6500 in a roth? Im confused on having to completely start over on the 401k.


What you do with your money from a previous 401k from a previous employer does not have anything to do with a future/ current employer.

You really don't generally want employer 401k's if you can get out of them, they generally have higher fees than a standard IRA account with one of your large brokerage firms like Vanguard, schwab, etc.

So your best bet is likely roll your old account into an IRA and then do whatever with your new one that is not related to your old account.
Posted by sonoma8
Member since Oct 2006
7674 posts
Posted on 1/9/24 at 4:18 am to
Seems like a dumb question, but if its a traditional IRA, how do you deposit non-taxed funds into the account? Is this linked to my check before uncle Sam gets to it?
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