I'm leaving my company and contribute to a regular and roth 401K that I'd like to transfer out. I have a rollover IRA acct with Vanguard but would like to understand if there's a need to create another acct for my Roth 401K portion. TIA

like
Posting as :
works at
You are currently posting as works at

Yes, your Roth portion of 401k will need to go into a Roth IRA and you will need to open a Roth IRA

like

Related Posts

I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

What is the difference in subscription to notified and subscription to approved mutual funds?

like

I just got a really great offer, only downside is the eligibility for maternity leave is after 12 months of employment. We got a faint positive today but have had so many chemical pregnancies over the past year that I am not confident it will stick this time BUT I am on aspirin and progesterone for this try … so it could.. I want to see if I could negotiate being eligible earlier but I also don’t want them to think I’m pregnant when I’m not actually… How would you approach the conversation?

like

Does KPMG’s federal healthcare advisory practice get Veterans Day off?

Is the GSU price while vesting based on the market rate at the time of vesting or is it fixed based on the stock price during hire date/month?

like

Is there any advantage or disadvantage to maxing out 401k in a single contribution instead of a taking some out of every paycheck

like

Newbie to investing. What are good online courses / books to get smart on investing?

like

How do I qualify for phone bill reimbursement at KPMG? Do I need to put my work email on my phone?

like

Anyone transition from healthcare to legal sector? I reached out to a recruiter because I’m looking to make that transition from healthcare administrative to a legal project coordinator. What are some transferable skills and goals I can best illustrate to recruiters and hiring managers?

like

$530k HHI, $250k cash on hand, $1.2M investments/retirement. Plan to buy $800-900k house as our first home, but thinking of the best approach given rates today. My thinking is that we (i) put $200k+ down and get a 5/1 ARM. (ii) put everything we save moving forward toward paying down the principal (after maximizing retirement accounts). Should be able to do $100k per year. (iii) If rates go down below 4.5ish % for 15 year fixed, refinance and stop aggressive payment. Thoughts on this approach?

like

How long do fed agencies give for maternity leave? does it matter if you take leave within your first year? does it vary from agency to agency? Specifically interested in SEC/CFTC.

like

About to get a home improvement loan. Any recommendations for a lender? Also looking for general advice. TIA!

like

I have a MHA, MBA, and BSHA. I’m wanting to get into a supervisor or manger role but I don’t have the experience. Does anyone have any suggestions on how I dive in and start getting the experience I need? I live in Washington and work in Oregon. Also, anything using my MBA would be favored as well, this degree is not healthcare specific. Thank you!

like

Looking to move into content (have 4+ years exp. writing/content and healthcare background - coming off a copywriting internship). Any advice/suggestions/places looking for writers? Chicago

I’m in an interesting dilemma. Very interested in leaving my company, but I am also going through IVF. I know most new jobs require a year wait before you can go on maternity leave. Does anyone know a great company to work for that does not require this? Obviously, I’m getting a bit ahead of myself, but if this works, I don’t want to accept a job and not be paid for maternity leave because I am doing this solo. Appreciate all the help!

like

McKinsey & Company Hi Fishes...i have a 7 year of experience in reimbursement and AP profile and looking for change... please help 🙏 Boston Consulting Group JLL McKinsey & Company Deloitte KPMG PwC Tata Consultancy Accenture RBS

Any insights on working for Enbridge? How does it compare to others in their sector? Differences across offices? (Comp / Benefits, time demand, interesting work?)

like

What are the monetary benefits of going to client's location(another city) for 3 months. Is there any provision of additional salary?

like

Are most of people in this bowl from a science background or coming from a finance/impact investing perspective?

More Posts

Might be off topic, but guys please, take care of your health. I've been rejected by all companies in the last 2 months.
I had my Walmart interview today and it went really well. And guess what? I got a rejection email.
I felt dizziness while working and fell down today.
I had to go to the doctor due to the anxiety and stress I was carrying since the last 2 months. It has affected my health.

It's important to push yourself to achieve your goals, but don't forget to "Live" in the process.

likehelpfuluplifting

Can anyone share interview experience for the role of Full Stack Developer at McKinsey & Company for  Build by McKinsey?@

Yoe - 3

like

Is Google the end game?

likefunny

Anyone know of a good building for a 1bed/1bath. Need to have parking & a/c. Nice to haves is in-unit laundry, any include utilities, any amenities. Trying to keep it on the cheaper end with a max rent of 1,500, but given our line of work I can bump that up if the place is nice enough to justify the cost. Thanks in advance!

like

Hi Fishes,
Can anyone please refer me
Gartner for operation associate profile

like
like

When are the usual trips to france done in Airbus?

like

Likes to open DM please ❤️

Post Photo
likeupliftinghelpful

Recommendations on an exceptional career coach who can help my husband? He works with his brother at a startup his brother founded (my husband is in-house counsel) but often finds himself belittled by his brother, cut out of conference calls and emails and generally feeling like he has no skills. He's an ivy league graduate and went to a great law school but for many reasons cannot leave this job right now. Looking for someone to help w/his confidence level and ways to approach his brother. TIA!

like

Best experiential/activation agency?

like

Hello everyone currently i am working with TCS i have also visited onsite from this working since 2018 overall i have 5+ years experience with very less package i dont see any growth in package. i have experience into customer support technical support identity and access management resource management timesheet management etc i need help to switch which company you suggest would be better with all the benefits

like

What is the average salary for Clinical Research Associate I?

like

Has anyone undergone laser treatment for acne scars on the face? Are you happy with the results? How much did it cost?

like

Hello wonderful community, I have recently relocated back from Canada with 6 years of experience in the non-profit space within marketing/resource mobilization. I’m based in Gurgaon and wondering what the best way to go about the job market here. I’d love to explore some MNCs, open to wfh as well.

like

who all made it to SM this year?

When you walk in Friday morning to a dumpster fire of a file (that you’ve never worked on before) sitting on your desk, with no note or email to go with it. It’s as if I’m supposed to magically divine what to do with it. 🤦🏼‍♀️

like

A little late here, but any suggestions/recommendations or watch outs for an automatic standing desk preferably with charging attachments? Looking to invest in a decent one around $2-300 !

like

Can someone explain the benefits package for Associate Directors at BCG. I hear health and 401k match is great, but any specifics will help. Also what is the average bonus and range low to high.

Does previous Consulting experience increase your odds when applying for MBB during MBA recruiting?

like

McKinsey & Company I did my final round with McKinsey today, and I I received a rejection call from the partner today. However, he said I did really great and wants to keep in touch with me. He also mentioned that I should reapply in 6 months. Does anyone have any similar experience? Do I have a better chance if I reapply next time?McKinsey & Company

like

Additional Posts in Personal Investment Chatter

$530k HHI, $250k cash on hand, $1.2M investments/retirement. Plan to buy $800-900k house as our first home, but thinking of the best approach given rates today. My thinking is that we (i) put $200k+ down and get a 5/1 ARM. (ii) put everything we save moving forward toward paying down the principal (after maximizing retirement accounts). Should be able to do $100k per year. (iii) If rates go down below 4.5ish % for 15 year fixed, refinance and stop aggressive payment. Thoughts on this approach?

like

Anyone ever bought two adjoining townhouses and knocked down some of the non-load bearing walls between them to combine them into one bigger home? Ones you own of course, not rent, and assuming local town and HOA rules allow for it. Thank you!

like

Investing newbie here: pros cons of getting a rental property vs investing in stocks?

like

Anyone looking at airline stocks or ETF play?

like

Can my current lender refuse to accept the payment from refinance lender because they want to make more money from me? How do I sue them ?

likefunny

I've heard from multiple people about how inflated the assets are and high the P/E ratio is, hence not a good time to invest in the market. Long term investors, how do you deal with this argument? P.s. I understand the time in the market>time the market.

like

Any thoughts of investing in gold or gold related instruments?

like

Any tips or tricks for a first time home buyer saving for mortgage trying to avoid pmi? Any advice appreciated. Cont.

like

considering betting a ton of money on tomorrow’s elections via “predict it”, as an emotional hedge. is this a stupid idea or a genius idea

like

What is the point of a savings account if year-over-year inflation exceeds the APY rate?

likefunny

I am doing a back door Roth IRA through Vanguard and while everything makes sense to me, I am unsure if an additional $6000 be invested for a non working spouse. We satisfy the criteria but two questions - 1) Is this still valid I.e., $12k can be invested for 2021? And 2) Any insight into how this is done - Vanguard doesn’t let me add more than $6k as it’s above the individual limit. I tried searching the bowl for specific answers but wasn’t successful. Inputs appreciated.

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

I work for a company that gives me RSUS as part of my compensation. Am I allowed to short the companies stock to minimize my downside risk in case stock price drops? I value certainty of my RSU payments over any potential upside

like

Will markets jump upwards the day Putin dies?

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

What’s a good target annual earning % for interest and dividends relative to portfolio size? I am new to investing and am generally just invested in the SP500 and total stock market via index funds

Any accountant recommendations in NYC? Looking for someone who understands the travel situation of consultants, etc. TIA!

How much will someone get from a $5,000 referral bonus after taxes? Is there any way to minimize the amount it’s taxed? Work in VA and live in DC.

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

New to Fishbowl?

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

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal