After losing my 5 yr job in Jan and unsure what to do with my 401k (leave it or move it over to Roth IRA)..does anyone have insight or know what the next best move is? Withdrawing isn’t an option as I don’t want that penalty on my hard earned money. I was thinking of leaving a part in Fidelity, and if there aren’t any fees involved, move some over to Pershing and Ellevest..any finance peeps here that can shed light 🙏 TYIA

helpful
Posting as :
works at
You are currently posting as works at

Rollover to Vanguard IRA, invest in Vanguard index funds. No need to overcomplicate.

like

This

I rolled mine into a Betterment IRA. I like
how they do dividend reinvesting, which has really added a lot over years. Great app and site, too. FWIW.

like

Betterment is awesome!

I have 1 with Voya that I’ve left there.

I’m happy with the investments and performance of the 401k so far, no intention of moving it.

like

Thanks for sharing - i haven’t heard of Voya. Googling…

Can move into Wealthfront IRA, I prefer managing it in there feels more intuitive compared to other financial services /apps

like

haven’t heard of Wealthfront..googling.

It totally depends what institution holds the account. If it is cheap/free and allows you to freely trade stocks in your account keep it there it is yours. If you don’t like it for any reason roll it over to another institution that fits your needs better, but in no scenario don’t roll it over to your next employer 401k 😅
I am using Charles Schwab, that i inherited from one of my previous employers, and I also use Betterment.

like

Currently with Fidelity- nothin is ever free lol
There will be a percentile charge based on amount and index

If fidelity has cheap index funds just leave there. I left an old Roth 401k in a plan I had with them and it’s fine. For future investing go into a ira or the new 401k.

The fidelity plans will be based on what your old employer is offering - if they’re crap roll it over and move it out if to ira at vanguard or something like that imo.

like

You could just leave it until you find a new job then roll it over into your new jobs 401k so it’s all in one place (with less fees)

helpful

Just roll it over. Easier to consolidate

If you move any, better to move it all. Each will have fees.

Leaving it might be a good approach to distributing your assets.

I use Betterment for most of my long-term investing. Picking the right stocks is just pure luck. So their index investing works for me. The rebalance, harvest losses and just make it easy to set and for the most part forget. You can also set a goal and they tell you how much you’ll need to invest to realistically meet the goal.

They charge 0.25% fee, which is very low.

Dm for referral.

Related Posts

What is the benefit of investing in mutual funds such as VTSAX over a similar ETF other than reoccurring investments that allow you to set it and forget it? Is that why people choose them?

like

Hi Everyone! I'm looking to transition from healthcare consulting to pharma / biotech preferably in BD / corporate strategy roles, especially in LA area. Would appreciate if you can share your experience if you have made the amas transition (roles? Work type?). Looking to get a sense of what type of work exists out there.

For context, I've a PhD in Life sciences and 1.5 YOE in healthcare consulting at a boutique consulting firm

like

Anyone have a contrarian opinion on a trend / investment theme going on in the private investing world, particularly tech investing? Feels like everything is painted in the “huge growing market with tons of white space” lens.

like

Any good book for learning about real estate? I live in NYC,23 and I'm interested in getting in it next year God willing...?

like

Big 4 partners, can you provide any insights into the Partner v MD decision when you were up? Were you given the option? Can you share the pros v cons, especially from salary and pension standpoint.

likehelpful

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

Have about 5k to invest - should I do FXAIX or FSKAX?

like

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

Can you please share the age of your kid(s) and how much you’ve accumulated in their 529s to date?

likefunny

Newbie buying AAPL for the first time - any reason I should select anything other than Market Order?

I recently joined citi. I have been given choice for to select superannuation as 13% of BS or 12500/- monthly or zero.

This is one time selection and not reversible.

I am already investing 1.5 lakh in 80C through SIP and EPF.

I need more detail about superannuation and is it beneficial or not?

Also is there any retirement age in IT field 🤔 (or in citi)?

like

Anyone trade stocks on the side? Not at a day trading level, but not buy-and-hold either...more like aim to hold 5-10 stocks at a time for 1-2 months and earn a decent short-term profit (10-15%).

How are the areas around white rock lake to buy an investment property? Any suggestions appreciated!

like

The basis of my bitcoin investing thesis

Post Photo
likefunny

I'm finishing renovations on a 2-story 3 bed / 2 bath apartment two blocks away from Girard Station, 3 blocks from the main strip in Fishtown.

Will be ready by mid-April. Asking $2,200/mo rent. Has an outdoor deck in the rear. DM if interested.

like

Hi ,

Anybody working for Telstra client in hyderabad on behalf of FRACTAL Analytics ?

Please let me know the benefits of working at Telstra client when your payroll company is diff ?

How the company benefits like food ,cab and leaves do apply.

Please do comment.

Thanks

Good idea to buy some more AAPL right now?

likehelpful

Has anyone diversified and invested in govt bonds? What’s the yield like? Is there a lock-in term?

New to this welcome any article or insights

like

Pwc salary structure? Benefits

Urgent

like

More Posts

Why are salaries so damn low in London 😭 i should make >60k TC (touch wood) with ~1YOE but I still don’t feel I could rent a decent place in zone 2 on my own :(

like

Hi all, so I got an offer from TCS last week with 2L of joining bonus. The JB related details are not mentioned in the offer letter and when I tried calling my HR he is neither picking up the call nor replying to my email. Will they be giving me the bonus, if yes what shall I get as a reference from them. Please advise. TIA

like

What’s with the stigma against a beer or a glass of wine with lunch? Isn’t really that big of a deal.

like

Pro Tip:
Make it SOP to have a debrief session calendared directly after major meetings, can be 10 mins

like

Question for directors: how often do you not get a copy of the footage when you work on a project? Ever? Or is this common? Thanks!

like

Diamond hands please don’t slap me— thoughts on selling puts for GME and AMC? Volatility is so high maybe even a mid March one would be worth it? What about opening put positions for Apr/May?

like
like

Do HCL consider candidature once bgv is red. I worked in a startup but dont have proper documents so submitted documents from another company. Is there any way to get it resolved. Please suggest what can be done.

like

What do senior associates in Chicago make?

like

Any suggestions on volunteer opps in Atlanta? Would really like to mentor, but not sure if that’s possible given covid, so taking any suggestions.

like

Great lunch time specials around the city?

like

How's the job market lately? I'm considering quitting, moving there, then starting my search. Do you think it'd take more than a few months (say, 6 max) to land a good role?

I have 2 YOE in cloud strategy and want to move on. What opportunities are out there for someone like me?

like

Going to Wharton in the fall. Is it worth going MBB over returning to big 4 (sponsored)? Is this a common path?

like

anything going on today? hearing what feels like more than normal amount of sirens going by (in east village for reference)

like

Joining ACN and thinking about moving to DC. Thing is I don’t know a soul there. I’ll be traveling so worried about making friends. For people that made the same move, how’s your exp been? cont’d..

likesmart

Got a 30% salary bump, via an offer for Senior Consultant S&O from Deloitte. Currently underpaid at EY Advisory. I'm MBA and this year is my promotion year at EY for Manager. What to do? Get demoted and move to D? Or counter at EY? Even if EY matches my salary, and promote me to Manager, I will be an EY Manager with a Deloitte SC salary, and probably won't be able to go to D in the future. What do you think? I have built up a good relationship with my Partner and SMs at EY though.

like

What’s the Salary and Bonus for BCG in Singapore (for Senior Associate and Consultant positions)?

like

With all these redundancies happening, how can we as a community help each other? We had a thread about new job opps, but it didn’t get much traction... Shall we try again?

like

Be honest. Why do you keep coming back to this app?

like

Additional Posts in Austin, Texas

Moving in October and looking for a room to rent for 2-3 months while I figure out a rental. Any suggestions on where to look?

like

I do enjoy a Texas sized thunderstorm every now and then 🤠

like

Any recommendations for a therapist that understands high stress/high demand professions, and whose recommendations don’t include “just turn off of your phone or try not responding to emails”? Bonus points if they understand ADHD as well.

like

Considering making the move from distressed investing/special situations to consulting, particularly pe consulting for the following reasons: more team-oriented, structured career path, more variety, etc. Thoughts?

like

Does anyone live in Larkspur community in Leander? We are making a buying decision but don’t live in Austin. I have driven around Larkspur briefly but so going to get some first hand info! Thanks!

like

Recommendations on local Austin sites for home search we are looking to find a rental for 6 months for ex. Sulekha in northeast is pretty common among Indians. Interested in condo/house type living arrangement v/s renting with apartments.

Car collision repair shop recommendations? No idea where to start. 🫠

like

Hi all! I just moved to Austin and know absolutely no one. If you’re in your mid to late twenties and are interested in adding a queer girl to your friend group, let me buy you a drink! Shameless, I know, but you gotta do what you gotta do. My interests include Michigan football, bar hopping, water sports, and real estate 🙂

likefunny

Downtown Austin nice highrise apts? I hear good things about bowie and northshore. Stick to those two or any other good ones at that similar price pt

like

Anyone works in Dell’s tax or accounting department?

like

Been in Austin for a while now and have never dated but would like to start. Any tips/suggestions on where to find quality people? (F, 28)

likehelpful

Anyone know the best place to live in Austin, TX if you work at Tesla? I didn’t want a super far drive going into work so was hoping to find something 20 minutes or less.

like

Anyone looking to move to southeast Austin soon?

like

Is anyone here from Samsung? Am I the only one who experienced bait and switch for the job role ? Expansion seems to be their excuse for this but really feels like mismanagement

I rented a house that had been vacant for a bit & the prior tenant didn’t do a thorough job cleaning up. Agent indicated the owner would be open to having the house cleaned but I would need to have the house professionally cleaned when I moved out (that was fine w me). I just received the bill from the owner for $250, which is super annoying bc there was no expectation communicated that I would foot the bill for this, more so bc the cleaner did a LOUSY job. More in the comment below

like

Friends are telling me it’s super hot in Austin during Summer. Is that really bad? I’m thinking moving to TX, from DC

like

Good afternoon!

I am in the process of transitioning from South Florida to Austin and am looking for advice finding opportunities in the area.

Any help would be appreciated!

Best school districts? I looked online but have seen mixed reviews

Kyle, Texas - anyone know a decent spot for apps and a nicer happy hour type setting ?

likefunny

I'm in Austin for the weekend, what's everyone getting into tonight?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal