Anyone leave Deloitte recently? What happens to your HSA and 401k if you leave?

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Use it or lose it, baby

funny

This is a joke, just in case it wasn't clear.

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Must immediately transfer funds. Details in DM

likehelpfulfunny

For 401K, you can continue to use vanguard ( no roll over) if the amount is greater than $10k or so. Refer the separation package for the exact threshold. I decided to leave mine in the same plan.

likesmart

This is the right answer. I have also kept my 401k with Vanguard. I decided not to roll it over into IRA because I don't need the funds immediately and I wanted to keep the liability protection the 401k offers.

If you need the money before 59.5, no penalty if you do 401k-> IRA -> Roth IRA and then take the converted amount out of Roth IRA.. you do pay tax when you convert to Roth so do it when your income is lower in a year.

likesmart

Doesn’t matter what employer you leave, 401k and HSA are yours to keep. Likely will want to roll over 401k to whoever you bank with though

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Nothing.....

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If you roll over to traditional IRA, you will have the options to invest on your own. Also, you may lose the firm’s match depending on how long of service you have with the firm.

You lose any unvested match when you leave regardless

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likesmartfunny

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