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Hi fishes! The hiring manager has asked me for salary expectations of B6 Data Analyst and my experience is 3.5 yrs with a CTC of 6.65. Considering I have to move to Bangalore l'm thinking of asking 13 or 14.. is it a big ask? If so, what do you think is a good ask? Please help. Thanks in advance :)
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Roll them over to your current 401k, no penalties.
You can just leave them where they are.
True. Can’t make adjustments to invest strategy seems but guess that’s best.
Roll them over into another 401k or put them in an a traditional IRA.
Freelance 1: In pretty sure it’s better to do this now than later. It’s better to pay the taxes now than whenever they need it. History shows us that taxes aren’t going down anytime soon.
Start a new 401k and roll your old shit over. And keep contributing. That’s a great surprise!
There is no tax penalty so long as you roll it into another retirement account: a 401k if you’re working, or an IRA if you’re self employed.
You can create your own Rollover IRA at your own brokerage account (Schwab or Fidelity for instance). Use it to rollover any 401(k) accounts from this and future jobs. Ask your accountant, but you may want to NOT commingle it with other IRA accounts and not contribute to it other than with 401k funds—it might make things easier at withdrawal time. But again, best to ask an accountant. Once it’s in your own Rollover IRA account, you can invest however you like.
Roll over into a traditional IRA (or just "IRA") at the same firm the money is now at, it won't cost you anything and only needs one phone call. To do a Roth, you will have to pay taxes now, a Roth only takes after-tax money. If your taxes are really low right now, the Roth might be worth it.
Roll them over to me please
I own my own business now so no 401k. Start new one or different fund by taking hit on a lump sum today?
Or an Individual 401K / i401k
My old 401k automatically rolled into a Roth IRA and a rollover IRA... don’t really know the diff
Read it properly:
Traditional 401k = no taxes upon contribution. Tax upon withdrawal
Roth 401k = taxes upon contribution. No tax on withdrawal.
You balance both. If you anticipate having a lot of income (higher than now) in retirement years, then you do Roth.
There is no black and white. You have to decide on your own circumstances.
Makes it easier to track where your money is. Once you’re on Job #6 or 7, don’t really want to be chasing those 401(k) accounts around...
You can open a SEP IRA and roll it over to that