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Rolling IRA into a 401k
Posted on 3/6/19 at 4:01 pm
Posted on 3/6/19 at 4:01 pm
I know this sounds stupid from the get go, here’s my situation:
I left a job, rolled my 401k into an IRA to have more options. I’m not liking the growth I’m seeing with them and I’m getting hosed on the monthly fees. I thought i could move this IRA into my new Fidelity 401k that i wouldn’t have to pay fees on as the company manages that but Fidelity will not accept a check directly from another financial institution, the check has to come to me first, then on to Fidelity. From what I understand, this would create a taxable event that i want to avoid. Suggestions?
I left a job, rolled my 401k into an IRA to have more options. I’m not liking the growth I’m seeing with them and I’m getting hosed on the monthly fees. I thought i could move this IRA into my new Fidelity 401k that i wouldn’t have to pay fees on as the company manages that but Fidelity will not accept a check directly from another financial institution, the check has to come to me first, then on to Fidelity. From what I understand, this would create a taxable event that i want to avoid. Suggestions?
This post was edited on 3/6/19 at 4:05 pm
Posted on 3/6/19 at 4:13 pm to PolyPusher86
I'm not sure what sorts of investments you're in (which is what largely determines the growth/performance - not the investment company that you're with), but why not just transfer the money into a Fidelity IRA account, if that's who you want to be with?
Either way, you're just doing a transfer. And that's not a taxable event.
Either way, you're just doing a transfer. And that's not a taxable event.
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