401k from previous employer question

Not in the industry, but was not aware of your scenario. We moved money from wife's previous companies to IRAs without this problem. Mine is still with previous employer's plan, but am happy with the choices and their admin cost. We have accounts at both Vanguard and Fidelity and are not limited to choices.

If moving to IRA, does that affect ability to still do backdoor conversions?

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get it in IRA's (at least two, one being a Roth), and max the transfer amount from the traditional to the Roth each year.

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Wife and I both have Roth IRAs through Vanguard and max out contributions every year.

Are you saying that if both my wife’s Roth IRA and regular IRA (that her old 401k would roll into) are with Schwab or Fidelity (hesitant to use Vanguard for everything), then we can transfer a certain amount from the IRA to Roth? What is the advantage of doing that?

yes. Well technically it doesn't stop you from doing backdoor conversions, but it does introduce the pro rata rule which is usually a deal breaker for the backdoor roth.

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we can transfer a certain amount from the IRA to Roth? What is the advantage of doing that?

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I think it's 8k a year you can max into a Roth now. You want to do that every year. Ask your reps about the best way to do it.

That reminds me, I almost said "ask your GUY about the best way to do it" but my rep is a girl with my investment house, and she's the best I've ever had

...second part of your question, Roth income is tax free and so you'll be glad it's as high as possible when you're 59/half. Keep growing it until you're 70 or until they make you stop.