{ "media_type": "text", "post_content": "I have about 40k in traditional 401k at Meryl from my previous big4 employer. This is the first time ever changing jobs and I feel totally confused with what to do with the 401k. Any advice please? Amazon has fidelity and It alllws rollover old 401k into a rollover ira. Is it work keeping as is , or rollover into ira(Roth/traditional) at Meryl or move to fidelity.", "post_id": "616ef63bf0cb3b00348812a6", "reply_count": 9, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

I have about 40k in traditional 401k at Meryl from my previous big4 employer. This is the first time ever changing jobs and I feel totally confused with what to do with the 401k. Any advice please? Amazon has fidelity and It alllws rollover old 401k into a rollover ira. Is it work keeping as is , or rollover into ira(Roth/traditional) at Meryl or move to fidelity.

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I would roll-over into IRA (less fees) and consider a back door conversion to Roth depending on your situation

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Right it is not prorata is is just 100 percent taxed

If it is traditional, I would not roll to an Ira. I assume Amazon has good investment options. I would roll it the Amazon 401k

If they ever plan to use a backdoor Roth IRA, it will cause them to pay tax

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