{ "media_type": "text", "post_content": "Leaving firm and thinking about what to do with my 401k. Any reason not to roll it over to my own IRA vs leaving as is or moving to new company 401k?", "post_id": "60a2c44eb4cd4800225793b0", "reply_count": 6, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Leaving firm and thinking about what to do with my 401k. Any reason not to roll it over to my own IRA vs leaving as is or moving to new company 401k?

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If you have a good program with low fees but odds are it will be comparable to any of the major players and they have a lot more options.


So sounds like no strong reason to stay?

Don’t do that if you want to do any backdoor Roth IRAs


This is the reason not to roll over into an IRA. Check the fees and investment options in the new 401k and put your existing funds in whichever of the two are better

Can I do backdoor Roth IRAs in the future? New company is in process of setting up 401k so not set up yet

You can. And you can even if you roll over your old 401k to an IRA if you want but you’ll owe prorata taxes every time you convert from your traditional IRA to a Roth. You can either leave your 401k at your old employer or roll it in to your new plan if you want to avoid the prorata taxes.


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