I'm leaving PwC in a month. Won't be eligible for 401k for a year at new firm. What do I do with my 401k?

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Roll it over to an IRA

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Do you mean you can’t contribute to new 401k for a year or you can’t even roll your balance for a year? Is the 401k traditional or Roth? If you use or plan to use a backdoor Roth IRA, I would not want it rolled to an iRA.

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Oh, that's a good question. I'll have to ask. It's a traditional 40k1. I should be able to roll it without contributing.

I agree, I don't want to roll this into an IRA. I am going to open an IRA so I don't lose my contribution for this year. Does that sound logical?

I have always rolled a 401k to an IRA for flexibility reasons alone

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That may be a good idea but if you use a backdoor Roth IRA or plan to, it could be a bad idea

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Any chance you’ll be a first time home buyer soon? If so you should roll it over to a traditional IRA because you can take out $10k penalty free to go towards the home purchase

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Nope, have owned 4 houses in my life so far.

401k rule is usually your company matching won't vest for a year. I have not heard any company that doesn't let you contribute toward 401k

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Agreed! It’s unusual to not be eligible at all for this long of a window.

Also not eligible to participate at all for one year, or they wont match anything for one year?

It would depend on what tax bracket I was in. Average person… I would recommend doing a Roth IRA (if you can’t rollover the 401k). I wouldn’t recommend leaving it with PwC. Just think you will have better/more options elsewhere.

My new salary will be around $135k

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