Consulting

@ Guidehouse ppl - I left the firm a year ago but left my 401K funds w my old Transamerica acct w GH. Now GH is bought by Navigant & Transamerica said my contract is ending..will I lose my 401k $???

like
Reaction Icon Like
Arrow Icon
works at

GH bought Navigant, not the other way around. We are switching from trans America to Fidelity so that is why your account is being closed. You should roll it over to IRA or your new company 401k

Reaction Icon Like
like
Arrow Icon

You def don’t lose it. Roll it over to an IRA. Fidelity will be glad to help you do it. Or you can probably leave it there and it will go from TA to fidelity. But you definitely won’t lose it.

Reaction Icon Like
likehelpful
Arrow Icon

You definitely won't lose the funds as whatever was vested is your money. As others have said there should be clear directions as to next steps. You probably need to roll it over or provide info for a transfer to a bank account. If no info is provided they will probably mail a check to your last known address. If you accept a bank transfer or a check make sure you reinvest in current 410k or am IRA asap (there is a time limit) or face steep penalties.

Reaction Icon Like
like
Arrow Icon

Make sure you read up on timelines carefully. If you are too slow, the funds might be returned to you as cash, which would incur taxes and penalties.  for 90% of people, the best option is to roll the 401k into a vanguard IRA

Reaction Icon Like
like
Arrow Icon

Wouldn't say 90% of people. If you're doing Roth conversion now or intl the future, your tIRA amount becomes subject to pro rata rules even if you don't roll over the entire amount.

Reaction Icon Like
Arrow Icon

Related Posts

Farewell freelance life. It was good (money) while it lasted. Unfortunately, the stress of looking for my next gig and never saying “no” to any gigs wore me out. Huzzah for health insurance and 401k!

likeupliftingsmart
Reaction Icon Like
Arrow Icon

Been on the bench for almost 8 weeks and I have been involved in a lot of proposals. Does anyone know of any projects looking to staff. Thank you!

like
Reaction Icon Like
Arrow Icon

Hey did anybody try using the BOGO code for the US Open tickets? I feel like it isn’t working

Reaction Icon Like
Arrow Icon

So y’all stopped buying liners to pretend you’re environmentally friendly yet still kept the straws, and virtually everything else that’s an even bigger polluter... makes sense!

like
Reaction Icon Like
Arrow Icon
like
Reaction Icon Like
Arrow Icon

How long does LCA processing for new client locations? Been stuck for the past month unable to travel and no one seems to know what the hold up is. Is it going to be like that for every new project?

like
Reaction Icon Like
Arrow Icon

This bowl is 💀

Reaction Icon Like
Arrow Icon

My wife is snoring and pregnant, can’t sleep, thinking about how/ when I’m going to make a mil... anyone find themselves thinking at night in bed about EVERYTHING?

like
Reaction Icon Like
Arrow Icon

Does anyone have a lacking or negative building morale?! It was bad when I started 12 years ago, but it has gotten really bad in the past 6+ years. What did you do to help improve morale?

likehelpful
Reaction Icon Like
Arrow Icon

Best climate change podcasts?

like
Reaction Icon Like
Arrow Icon

I’m currently a senior in the SALT group but I’d like to make a career change. How hard is it to obtain a rotation into advisory? Am I better off just looking for a new job?

like
Reaction Icon Like
Arrow Icon

Ayo

Post Photo
likefunnyuplifting
Reaction Icon Like
Arrow Icon

Anyone have experience buying property (for the purpose of renting it out) in the DC area?

like
Reaction Icon Like
Arrow Icon

What are some next gen or creative communications and engagement tactics you have seen success with on a project?

likehelpful
Reaction Icon Like
Arrow Icon

For MBA apps will it hinder or help you if you provide a list of other MBA programs you are looking into besides the one you are currently applying for?

like
Reaction Icon Like
Arrow Icon

Best savings account to stick your emergency fund in?

like
Reaction Icon Like
Arrow Icon

Hey y’all - I got a new offer that I’m super excited to take , and the start date is about a month from now . However , I’m super concerned about putting in my 2 weeks at Mck for the following CONTD

like
Reaction Icon Like
Arrow Icon

Headed to Miami for Memorial weekend with the boys. Any recommendations for hotels? Also might make a stop in Savannah on the way. Thoughts?

like
Reaction Icon Like
Arrow Icon

Flex forecast hour updates, Salesforce updates, allocated bookings tracking, time tracking, digital hours tracking, utilization forecast tracking. I’m sure I’m missing many others...

like
Reaction Icon Like
Arrow Icon

I just woke up to a $35 delinquent payment on my credit report. How can I remove this blemish ASAP?

funny
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s 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 with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview