{ "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?

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

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.

likehelpful

So sounds like no strong reason to stay?

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

like

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.

helpful

Related Posts

Fuck Deloitte. Not only is our employer 401k match 1.5% but it takes 4years to vest. I'm so done with the nickel and dime-ing. Getting promoted and running.

like

How do I get super rich and retire by next year? 2 years latest? Tx in Adv

funnylike

I made over $6500 today in my 401k. My retirement investments made more since President Trump has been in power than any other president in my life time. I hope this continues so I may actually have a shot at returning someday. I'm interested to know how much other people made today. What type of day did you have $$$?

likefunnyuplifting

Would you retire if you had $4M in savings?

likefunny

Anyone else feel broke? Wife and I collectively make ~250k, are debt free and save to our 401k's. neither come from wealthy families. Both don't drink or eat out much. Or have expensive shopping...

like

Looking for established RIA advisor to retire in the Houston or Texas area with an established book of business. Must be willing to join our firm to help transition clients into our firm.

Any ideas for a second career for a high school counselor? I plan to retire at 60 this year, but will need a job to supplement my retirement income until I get social security.

Hi! I’m doing some research on employee benefits (medical insurance, 401k, HSA/FSA, commuter benefits) and was hoping to connect with People specialists or HR professionals in the comp & benefits space. I’m trying to better understand any pain points or challenges you might face with utilization/enrollment. Anyone interested in connecting? Thank you!

KPMG fam when do we receive our 401k match?

like

What was your 401k balance after a year of work?

like

Just joined a smaller company and my 401k deposits are taking ages to be processed. For example, my withholding from my 11/30 paycheck still has not been processed. Are there guidelines on this?

like

Hey 🐠, does anyone out there practice FIRE (Financial Independence Retire Early)? If so how's it going for you? My boyfriend and I are new to it and I was looking to see how others are working on it.

like

Any recommendations for 401K investments in John Hancock ?

like
like

Left D and now have to make a decision on what to do with my pension (ie lump sum, rollover, defer). Anyone have any recommendations? I was thinking of rolling it over to Roth IRA and pay the taxes

like

Parents of FB, how did you financially prep for your little ones future? (e.g. maxing out 401k vs 402b)

like

Any recommendations for funds offered by PwC for 401k? The target funds have good returns but vary of the 0.16% fees.

like

Step by step guide to giving notice? Getting closer and closer to the date I’m going to give notice, but can people with experience put in some tips or advice, like 401k rollover etc.

How do I weigh a deferred compensation plan vs a traditional 401k in my offer? My understanding is higher contribution limit but less flexible and slightly lesser tax benefits?

like

Additional Posts

How many first year analysts here started as interns? What did you guys do to get those jobs?

like

Hdjdjjdjd f hdjdjdjdhjd djdjdjjd d djdjdjjd bend djdjdjjdjjd djdjdjjdjjd djdjdjjdjjd djdjdjdjjdhdhdhdbbd djdjjdjdjdjdhje djdjjdjdjdjdhje djdjjdjdjdjdhje djdjdjjd djdjdjdjjdhdhdhdbbd djdjhdjdjdjdhdhhdj

like

How great would office emojis be in this app?

like

Do you see this post? 12:59am

Comment on this to test rereply notif

No company displaying!

like

Looking good! Create post animation looks great too and so does the character count!

like

Bbdjdndjdjgsjdjcbbdbxndbdbcghsbxhdbdbbxbbdbdbbdbdhxhdbbdbxjdbxbhebsbxb dbdbdbd Bebe the. Dbdbdbd sehsbevshdvhdbdbdbdbdd dbhsbvdbdvdvdbvduchhcbd dbhsbvdbdvdvdbvduchhcbd and I have love you so too but I

like

Post for push testing

like

Changed my company but it didn't update!

Maybe we should implement something like automatic posts refresh? I got a notification about "someone like mypost" but it isn't displaying at the post title...

like

First year BTA and I have 55% utilization and am still on the beach. Am involved in tons of initiatives and have constantly reached out to projects on GSS and just never hear back. How screwed am I?

like

3 cups of coffee in, and feeling like I need 5 more. Today is going to be an interesting one! Happy Friday everyone and thanks to all Veterans here for their service for 🇺🇸! You are the true heroes.

like

What are some of the investment options that I can use park extra money(after major investments) every month. I am already doing 401k, index funds through betterment. Exploring bitcoins as an option.

like

Do you all feel guilty about flying/ubering so much in the midst of the climate change crisis? I think we should...How do you balance personal ethics about this with work needs?

likefunnysmart

What's your favorite note taking software for meetings? I've used OneNote and Evernote and prefer OneNote.

Places to eat at IAD?

like

In case you all wonder why we have the No 1 talent experience?

Post Photo
funnylikeuplifting

Finally worked up the courage to say "I'm leaving" instead of asking for permission to leave.

like

At EY, can you expense your LinkedIn Premium membership?

funny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal