Related Posts
Any recommendations for tax accountant?
More Posts
Clippy about to catch these hands
Hi Guys,
Is wfh ended in IBM?
Additional Posts in Personal Investment Chatter
Does PwC allow Wealthfront?
Any recommendations for tax accountant?
Clippy about to catch these hands
Hi Guys,
Is wfh ended in IBM?
Does PwC allow Wealthfront?
You can’t move your current 401k to a new provider. You old 401k can be left at old employer if allowed, rolled to new plan or rolled into an Ira. Is your old 401k Roth or traditional? If Roth, roll it to an IRA. If traditional, an Ira is fine as long as you don’t now or plan to use a backdoor Roth IRA.
That’s a good idea - but in the meantime I’ve been doing Mega Backdoor in after-tax contributions converted to Roth, so I don’t feel I’ve been missing out for an extra $6k in Roth.
Hard to say, but limited options may be a reason to keep your old one where it is, or roll to an IRA (understanding you could have to do pro-rata in the future for backdoor Roth IRA contributions). Doing an in-service withdrawl to get your funds out of principal to an IRA isn’t very common, I don’t think.