Hi, I just left PwCqnd joined Salesforce. Should I rollover my PwC 401k to Salesforce or should I open a new IRA. As per my Morgan stanaly financial adviser, I should go for independent IRA. They are asking for 1% fee.

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Yes go for IRA, 1% fee is daylight robbery

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Of course they are. That is how they make money. Do you currently have a IRA? If so Roth or traditional? Do you need someone to manage an IRA for you? If the choices in the new 401k are good, I would roll it there, especially if you use traditional 401k and not Roth.

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Roll into an IRA (lots more options than a 401k, can usually find lower cost options of same funds) but do not pay a fee. It’s free and easy to open one with Fidelity or Schwab.

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The main drawback to me is is you do a backdoor Roth IRA, this causes problems

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If you ever plan on doing a back door Roth, don’t roll to an IRA. If that’s not a problem for you, do roll to an IRA, and don’t pay 1% management fee.

smart

I peaked at the salesforce 401k online. It looks good and I would use it for this reason

I recommend Merrill Lynch and do a self directed IRA. Pick your index fund of choice S&P 500, total stock market, etc. there are no basic fees charged as it’s self directed. My 401k plans all include a fee structure.

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What expenses does KPMGs plan charge? That is surprising. Is it just a small fee for the year? Our is like $20 a year.

Roll in a traditional IRA then you can covert to Roth later...

If you want to pay the tax that is a fine idea. It really depends on what they want to do with Ira contributions now and the future

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