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Better to roll 401K to new employer or roll it into personal IRA

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You can move traditional 401k to either traditional IRA or new employer 401k.

You can move Roth 401k to either Roth IRA or new employer 401k.

For traditional balance, I'd move it to the new employer's 401k. This will give you room to do a backdoor Roth in the future and avoid the pro-rata rule. But you could move it to a traditional IRA for more investment options (not worth it if you plan to do a backdoor Roth). You could also move it to the traditional IRA and then subsequently move it to a Roth IRA (you'll pay taxes on it though, which makes sense if you think you're in a lower tax bracket than retirement).

For the Roth balance, I'd move to a Roth IRA. More investment options as well as certain advantages (penalty free distributions for conversions after 5 years - look into Roth IRA ladder).

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If you currently use or plan to use a backdoor Roth IRA, be careful about rolling any traditional money into an IRA.

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Rule of thumb IRAs will generally be better as they have lower fees and more investment choices. But it depends on your new employers 401k plan

I would do IRA bc you have more freedom and control over it

I chose to roll mine to a 401(k) because I would have gotten dinged in taxes had I moved it to my IRA

Makes sense. Like EY2 said you could've moved it to a traditional IRA and avoided taxes anyways, but the way you did it (whether intentionally or not) will allow you to do a backdoor Roth without issue in the future.

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Roll it. You can move it to Vanguard and take advantage of their super low fees compared to other 401k companies

Many 401Ks have institutional shares that are actually cheaper than you could buy in a IRA. Obviously the downside is less choice.

If you ever think you may need to take out a loan against those funds you’ll want to put it in your new employer’s 401(k). You cannot take out a loan against IRA funds.

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