{ "media_type": "text", "post_content": "25 with about $50k in 401k roth and $50k in pension. Changed jobs and nobody has given me any direction on best way to roll things over. 401k roth to my roth IRA? 401k to new 401k? Pension as lump sum or just leave it or roll into what?? Thanks for any help!!", "post_id": "60fb3d59384aca0022415ad8", "reply_count": 6, "vote_count": 3, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

You are currently posting as works at Technology Consultant

25 with about $50k in 401k roth and $50k in pension. Changed jobs and nobody has given me any direction on best way to roll things over. 401k roth to my roth IRA? 401k to new 401k? Pension as lump sum or just leave it or roll into what?? Thanks for any help!!

3 reactions

10 months

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You are currently posting as Senior IT Auditor 1

You will need to move them into like accounts. So the Roth 401k should rollover to a Roth IRA, at a place like Fidelity or Vanguard. If you have employer contributions in a pre-tax 401k or other pre-tax account, you can roll that over to a traditional IRA, or into your new employer’s 401k. I would ask the administrator for the pension plan what kind of account it is in now to see if it’s eligible for a rollover of any kind or if you have to take a dispensation now. I imagine a dispensation now would create a taxable event, so keep that in mind.

2 reactions

10 months

You are currently posting as PwC 1

Following , similar situation. My understanding is you’ll pay tax if you move it to Roth.

10 months

You are currently posting as Deloitte 1

Roth 401k>roth ira is not taxed. I'd suggest you do this, you have more options that way. If it was traditional 401k you should roll into your new jobs plan

1 reactions

10 months

You are currently posting as Senior Associate 1

Pro

What company are you at? I want a pension.

10 months

You are currently posting as works at EY

How do you guys invest your money? Max 401K?

2 reactions

You are currently posting as works at EY

Only 42 more years until I retire!

18 reactions

You are currently posting as works at PwC (PricewaterhouseCoopers) LLP (Consulting Practice)

Argued with another EA today who tried to tell me a Roth IRA is a waste, that a 401k is all that's necessary... Wouldn't accept that they are two different retirement options and equates to more money

1 reactions

You are currently posting as works at PwC

Sometimes I question why I'm working and think about what I'm gonna be like when I retire if keeping doing this....#randomthoughts

4 reactions

You are currently posting as works at Deloitte

Where do you guys invest your savings apart from 401K? Need some good investment options

3 reactions

You are currently posting as works at EY

Where's my 401K match?

You are currently posting as works at Boston Consulting Group

I've seen various threads where people (some big 4?) have referred to their companies' pensions. Can someone explain this to me? Why would anyone in this day and age offer pensions (versus 401k etc)?

3 reactions

You are currently posting as works at EY

Do any other firms offer pension like EY does? And what are the terms? I know EY recently changed the retirement plan but we are still fully vested after 5 years

2 reactions

You are currently posting as works at Deloitte

What age are you looking to retire?

1 reactions

You are currently posting as works at Grant Thornton

What % of your paycheck do you contribute to your 401k?

3 reactions

You are currently posting as works at KPMG

How much do you contribute to your 401k?

2 reactions

You are currently posting as works at Deloitte

Should one open a Roth IRA in addition to their 401k?

1 reactions

You are currently posting as works at Deloitte

With your current salary and expenses, how much are you saving monthly (not 401k)?

1 reactions

You are currently posting as works at Senior Associate

How many of you max out all tax-advantaged space, i.e. 401K, Roth, and HSA, and is it doable to live on what's left?

2 reactions

You are currently posting as works at EY

What do partners do after they retire? What's the idea behind making them leave at 56?

5 reactions

You are currently posting as works at EY

AA needs to retire the Embraer 145. No first class??

4 reactions

You are currently posting as works at Accenture

BCGers: do you get a 401k match beyond the PSRF? If so, how much? Asking for a friend

2 reactions

You are currently posting as works at Senior Associate

What is the partner process like at McK and BCG? Do they still get equity and pension like PwC? I am thinking about switching but it seems harder. I am just a Senior Associate.

You are currently posting as works at Deloitte

Owen Ryan stepping down as Advisory CEO to retire...post gossip here.

4 reactions

You are currently posting as works at Manager

What's the 401k rule at PwC if you leave before completing 5 years? Do you not get employer contribution at all or just some % of it?

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Live in SF but considering relocating because CoL is absurd. Thoughts on transferring internally vs new opportunities? If new, how do I bring my SF salary to somewhere with a lower CoL.

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Honest question because I don’t fully understand when I see the numbers: why are people more afraid of coronavirus than the “standard” flu?

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Has anyone done a market correction of their compensation? If yes, what's the process like?

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Client told me his wife made him happy and miserable simultaneously. I advised him not to divorce. Those feelings are just called marriage.

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You are currently posting as works at Deloitte

Personal Amex card frauded... For use in the city I live. Does that happen often?

You are currently posting as works at EY

Is Deloitte AERS hiring? Looking for SC positions in GRC

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You are currently posting as works at PwC

Without saying your age, what is something you remember from your childhood that a younger person would not understand?

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You are currently posting as works at Senior Consultant

To the dramatic guy who is on the phone to the diamond line threatening to sleep on the floor of SLC because you can't get to your final destination tonight -don't be such a dick to those who can help

3 reactions

You are currently posting as works at Accenture

Deloitte and EY, what are your benefits like? I currently get 5 weeks PTO and 100% match up to 6% 401K. I want to start applying elsewhere since I'm underpaid but base salary isn't everything

5 reactions

You are currently posting as works at EY

Anyone else watching SAG awards? Very interesting acceptance speeches from literally every one!

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You are currently posting as works at EY

When you are staff and your seniors review everything you do, change a tiny bit, and take as if they did it to present to others, feels like a surrogate mother.

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You are currently posting as works at Senior Consultant

Applying to Deloitte Cyber Manager role in Chicago. Have 6 YOE with an advanced degree. Is $175k a reasonable expectation? And if that’s a good target, what should I ask for since they’ll try to negotiate down?

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You are currently posting as works at Manager

Anyone with Pwc People in Deals practice? What kind of work do you do? Is this separate from the people & organization group?

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25 with about $50k in 401k roth and $50k in pension. Changed jobs and nobody has given me any direction on best way to roll things over. 401k roth to my roth IRA? 401k to new 401k? Pension as lump sum or just leave it or roll into what?? Thanks for any help!!

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