{ "media_type": "text", "post_content": "I’ve never rolled over Roth IRA contributions from previous employers from like 10 years ago and have no idea how to even do that or why. Anyone else in the same boat? Does something bad happen if I don’t. Is it bad that I’m an adult who knows nothing about that stuff?", "post_id": "611442cdea10b20024b47701", "reply_count": 4, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

I’ve never rolled over Roth IRA contributions from previous employers from like 10 years ago and have no idea how to even do that or why. Anyone else in the same boat? Does something bad happen if I don’t. Is it bad that I’m an adult who knows nothing about that stuff?

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Do you still have a website/log in to go in and manage the account? That’s the biggest thing, that you still have access to the money, whether you roll over or not is more of a personal question.

Send it to your bank IRA asap

The two biggest reasons to roll over are to go Roth (situation dependent) or to expand your investment options (e.g., get away from high fees).

Yes, it is bad. Your broader portfolio is likely not allocated efficiently, it's possible that whatever choices you made 10 years ago resulted leaving alot of money on the table if you chose too conservatively for your age, and the fees may be excessive and have been compounding for the last decade. Please for the love of god at least check on it to make sure nothing is screwed up and ideally, roll it over and consolidate and get yourself invested in line with your age, risk tolerance, and retirement goals

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