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Would like to know specifically about Queer inclusion at SocGen Societe Generale. What is the attitude of mangers and HRs towards treating LGBTQ identifying candidates? Is company really inclusive or it’s just a lip service? Considering an offer with the company but being an out and proud Queer woman, super anxious and concerned.
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Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.
McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte
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I don't think you can roll a 401k into another 401k but you can roll it into an IRA. That said, I can say with a high level of confidence that the fees in a 401k will likely be less than an IRA, especially w/Vanguard.
What are the fund options/fees/etc at new job. That would help determine whether I roll into new jobs, or roll to IRA.
Sounds like you won't be up to the IRA limit yet, but just be aware you can only out 5500 into traditional/Roth each year. Conversions, if you decide to roll your 401k to a tIRA, do not count towards the annual limit.Since they are different accounts, likely won't systematically stop you from going over if you keep contributing to both.
One 401 can be rolled to another 401 account provided the fact that you are changing employer... only pre tax contribution gets rolled over
Okay thanks everyone for this info - this is just not a topic I am very familiar with, so I really appreciate the help. Sounds like I need to call an advisor from both and understand the penalties and fees slash what would be lost in taxes and make the decision that way
When you roll over talk to your new employer to see what portion they will allow.. from Deloitte I cud roll over only the pre tax
Online reviews say that the funds have lower returns on average than Vanguard. Fees are basically the same. I put 4% of my income into IRA 3% into Roth IRA just because I wanted to be putting more aside for retirement. If I leave both with Vanguard, I want to keep putting a few hundred into my Roth every month, fee would be only a few cents. Good plan? Bad plan?
D2 - what is the downside of just leaving it right where it is? Just the fees?
Yeah I would probably contribute max 3k to it this year assuming the fees are reasonable. An unmatched contribution should go into Roth right?
Just to be clear OP, you are talking about IRA contributions between traditional/Roth? You reference match, which is indicative of your 401k. 18k max there. As for allocation, that is a personal decision on where you consider your tax situation now/present. Personally, I used to do a split between my traditional and Roth 401k options, but I've since moved to traditional to maximize my dollars working for me with compounding interest.
Now/future*
Sorry D2, but please explain what "fees" there will be if OP moves his Vangaurd 401k to a Vangaurd Rollover (Traditional) IRA account? You do know it's free to buy/sell vanguard funds at vanguard?
I'm guessing d2 is referring to the fees OP would assume if they leave the money in the Deloitte 401k. Perhaps some of the plan fees that D may pick up currently will move over to OP. OP would then have plan maintenance fees plus the fund expenses. Just a guess since I have not left yet :).
So when I opened my Deloitte 401k I put 4% of my income into a traditional IRA and 3% of my income into a Roth IRA. But because this was account was through Deloitte I assume all of this is considered my 401k irrespective of what their match was. SP0205 Which portion of this could potentially be rolled into my new 401k with my new employer? And question to the group - should I, knowing that the new 401k doesn't produce as high returns as Vanguard?
Where your 401k is at has nothing to do with the returns...the investments drive that. If you select a loc cost index fund at a Vangaurd sponsored 401k vs say a Schwab 401k, as long as the follow the same index and have the same/similar expense ratios, your returns will be nearly identical.
D3, don't be sorry- fees associated with the IRA account. Generally speaking the fees are less in a 401k due to the size of the plan.
OP, please research difference between 401ks and IRAs. They are two completely different retirement vehicles. Also, past performance is not an indicator of future results. Vanguard funds generally tracks and index. If your new employer also has index funds that track similarly returns should be about the same. The difference lies with fees. If new employer has higher expense ratios on their funds, then that eats into returns.
Untrue. I rolled my previous 401k into my current Vanguard 401k.