- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
New Job: Transfer old 401k to new or Rollover to IRA
Posted on 7/24/14 at 10:15 pm
Posted on 7/24/14 at 10:15 pm
I've read all the sites, wikis, etc on the pluses and minuses of transfer to the 401k of the new employer vs rollover to an IRA. But now I'm asking my MT brethren.
Anybody make this decision recently? Why did you do what you did?
Anybody make this decision recently? Why did you do what you did?
Posted on 7/24/14 at 10:23 pm to Sigma
Holy shite... I was about to post this exact question.
Is leaving it an option? My current 401k has incredibly low fees (like <.02%) and decent fund performance, so leaving is my likely option vs IRA.
What are your new fund options? Are there low fees? Can you take loans against the rollover balance if in new 401k?
To me, the IRA rollover is the leading option. If your new plan gives you a lot of options and will allow you invest and diversify how you wish for low fees, then you should rollover to new 401k plan.
Is leaving it an option? My current 401k has incredibly low fees (like <.02%) and decent fund performance, so leaving is my likely option vs IRA.
What are your new fund options? Are there low fees? Can you take loans against the rollover balance if in new 401k?
To me, the IRA rollover is the leading option. If your new plan gives you a lot of options and will allow you invest and diversify how you wish for low fees, then you should rollover to new 401k plan.
Posted on 7/24/14 at 11:11 pm to Sigma
Rollover into an IRA. You have many more options of what to put your money in.
Posted on 7/25/14 at 10:24 am to Sigma
One downside to rolling it over to an IRA is that you lose the ability (or greatly reduce it) to do backdoor Roth IRA contributions if you/your spouse do or will exceed the Roth IRA income limits.
Popular
Back to top
Follow TigerDroppings for LSU Football News