Need some advice: recently left Deloitte and joined new company that uses Fidelity for 401k — Deloitte used Vanguard. ~$13.5k in the Vanguard account, so should I roll over into new company’s..Cont.

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

Roll into fidelity Roth IRA. No point in having two separate institutions house your money. Especially with that sum of money (no offense).

like

Traditional moves to traditional and Roth to Roth
FM1 is right - for this amount I wouldn’t keep a separate account
The process is quite well established and done the way FM1 said it will not ha e any tax implications

Call fidelity and they will give the step by step and what to tell vanguard
The whole thing will take about 10 to 14 days

you can roll over or continue using vanguard . Its completely upto you and your preferences

like

New company’s 401(k) or should I open a Roth IRA and roll the money over to that instead? My contributions at Deloitte was 6% traditional and 4% Roth. If I move the money over to the Roth IRA, will I have to pay taxes on the 6% traditional today or in the future? Want to make the best decision with taxes in mind

CD1 - is it a few only advisor or % of assets under management. If the latter, did the move from 401k to IRA increase the assets under management? If so, be careful of ulterior motives.

If the Vanguard fees are in line with the Fidelity fees, and you're okay with your Vanguard fund selection (can't be changed), and D let's you keep the money there, I would leave it.

I like it as an additional layer of diversification and I personally don't think it is a hassle to have to log on to 2 different places since I'm already doing that for all my CCs anyway.

PwC 1 yes that is a restriction I have always seen. If you don't have a minimum amount of money invested, the company will force you to roll over. If you meet the minimum, they still don't want to deal with extra cost of managing changes to your account if you're not even an employee

Lookup trustee to trustee transfer.

I would move it to a self-directed IRA and buy blue chips and index funds. So many more investment options than the target date funds Vanguard’s plan puts you in.

Related Posts

For folks at EY- I have $1k in Roth IRA. Which investment would you recommend keeping independence in mind?

like

My employers health insurance benefits are crazy expensive. What can I do for health and dental if I don’t take it from my employer?

like

Is there any chance I can work as an European (resident in Spain) for a US/Canadian company? Wouldn’t mind going through the hassle of doing my own taxes, as for what I know I can get much better (net) income working for an American company vs for an European company.

like

How much money should you be making to live in Manhattan and also own a car?

like

Which application/service provider do you use for your ISA or other investments? I have Vanguard at the moment but the options are limited.

like

Anyone from Allied Benefits LLC know the salary for a Reimbursement Specialist?

like

Hi. Looking for specific salary data points (base + bonus % range + any other relevant benefits) for the Dubai office pls - EM/PL and Principal levels @ (1) MBB (2) Strategy& (3) OW (4) Kearney (5) ACN Strategy (6) Booz Allen. Have looked at Glassdoor data already but looking for latest & credible info, ideally from those working in these firms pls. This is for final offer negotiation purposes. Thank you 🙏

likehelpful

How should I interpret 3.37 AMH in a 35yr old? Is it good or not so good?

like

Does anyone know how I can get pass the prescreen in Texas Health for their EPIC positions? Or does anyone know of a healthcare company that is hiring and will pay for me to get my EPIC certification? I have a Bachelors in MIS and currently working on my masters in Data Analytics.

like

Hi. I have experience in data engineering (azure) and got offer in kpmg for ctc 14,75,000, (13lakh fixed+ bonus etc.) + joining bonus 1,25,000.

Another offer in IBM for fixed 14 lakh + joining 2lakh.
Please suggest which one to choose.

My priorities are work life balance, good hike every year, benefits etc.,
please suggest which company I can choose kpmg vs ibm?

Thanks

like

I now have Carrot benefits. Maybe elective egg freezing the start of next year? After some research, it looks like the Carrot funds are available only after I meet my yearly health plan deductible. I’m currently on HDHP (with an HSA) that has a high deductible and max oop is in the mid-$3K. Since I’m relatively healthy, I’m not sure if this is the right plan for me or if an EPO or PPO makes more sense. Appreciate any insight - esp from folks who’ve gone through a similar situation. Thank you!

like

Commerical Property investment opportunity.

You can pool as little as 25K to be part of it.

$450k purchase price
11% cap rate
Atlanta Metro area

DM me if interested and want more details.

Why is ETH stuck in a rut

Just getting started, what's everyone's setup? Marketplaces, wallets, other software/hardware? How many apps are you using, are you using a hardwallet, etc., would appreciate insight into how individuals are practically building crypto capabilities for reference. Thanks in advance!

like

What companies do you recently regret not investing in?

like

Hi I am having 2 offers into data analytics
1. EY GDS - Bangalore
2. PepsiCo GBS - Hyderabad
Package is slightly more in PepsiCo, can anyone suggest which one to go for considering job security, annual hikes, benefits.

like

Anybody work in the PE accounting for one of the big firms (JP Morgan, BlackRock, etc.) in a VP or higher role that can shed some light on that type of career. Good opportunity? Benefits?

likehelpful

Anyone made the transition from NYC to Austin?

I find myself asking why I am in NYC when everything is so damn expensive. Making good money, but limited on savings and quality of life due to the HCOL. Or recs for other cities for that matter.

How to transfer PF after joining new organization.

What are the benefits of creating a design system for clients?

like

More Posts

For Sawtelle, what’s the fastest and most reliable internet service available? Thx!

like

Are there any affordable batting cages south of Houston that I can take my son to?

like

IDFC FIRST Bank

I got an offer from MBRDI and IDFC first bank.

MBRDI is giving x and 1.5 joining bonus

IDFC it's giving x + 5, 3.30 Varible and 1 joining bonus..

Which one should I join?

like

Hi all, I'm new here.. I need 12 likes to DM.. Please help. Thanks in advance.

like

Planning a 2-day team building meeting in Denver/Boulder around September. Any recommendations for corporate-friendly activities for about 25 people?

like

How’d you rate your company’s UX?

Hi - I am a career pivot from higher education into tech and have final round interviews for a DEI Coordinator role (which I'm super excited for). I am meeting with three people that I would be partnering with for the job and it was shared with me that these interviews will mainly be behavioral as well as questions on my technical skills. Does anyone have any resources to help me prepare for this? Anything is greatly appreciated!

like

Is it normal for people in our profession to be so closely monitored by management, or is that just a thing at my workplace? Feels kinda suffocating…

like

Apart from North Georgia premium outlets, are there any other premium outlets that you'll recommend? New to Atlanta so trying to figure out. Thanks!

like

Any homeschool parents in the group?

like

I feel like some SMs are brainwashed by the client. One I am working with doesn't like people leaving or wfh or going to the home office. Dude I gotta go catch up on my PD work.

like

I went from T2 (LEK, EYP, OW, etc) to VC - happy to provide advice/help however I can!

like

Symptoms of being burnt out at work? And what are some remedies?

like

Where is the US would you go and stay by a week by yourself? (Female)

I have a week off next week and want to book a flight and and Airbnb anywhere with mountains or a beach, just can’t decide where. I’m in the Midwest so anywhere is great. Any advice is appreciated 🙏🏼

likehelpful

What’s for lunch?

like

Nice strategy Mercedes!

likefunny

Hey friends, I've been in sales for over ten years in retail/ hospitality.

I'm focusing my efforts to make a switch into tech sales and id like to work for AWS.

I completed a tech sales bootcamp and have purchased a couple books on sales methodology, more so enhancing sales + active listening skills.

If anybody would be willing to chat! I'd love more insight on roles Within AWS tech sales.

Care for a quick dm chat?

like

Just joined ey as a manager. How quickly do you expect your managers or seniors to get up to speed on a client that may be a bit complex? I usually as a manager would give people atleast one season. Just wondering what senior managers and partners expect if managers. The client im on is a bit complex and it’s taken me a bit of time to learn. I’ve been on it for about 3 weeks now and just getting the hang of it. The director is pretty kind and said try your best there is a learning curve on this

like

Which cloud data engineer get better salary AWS, GCP or Azure

like

Additional Posts in Personal Investment Chatter

Interesting investment opportunity with PSTH. Biggest SPAC with Tontine warrants. In short, for every 9 common shares you buy and hold through the merger, you get 2 shares priced at $23. The price right now is $26. I would get in and gradually increase by a multiple of 9 and hold until at least Dec 2021

like

Anyone have a Chase Sapphire Preserved credit card referral code? I’m looking to apply.

like

Is Amzn Still a good buy? Looking to invest some $$ today 😎

like

Researching for Benchmarks to peg a portfolio against. The portfolio in question has broadly 70% equities, 20% Fixed Income and 10% Cash/Money Accounts.
..
Are there industry recognized benchmarks that you would recommend?
..
I'm trying to avoid weighting existing Equity only or Fixed Income only benchmarks.

like

Sorry to anyone who bought ARK funds in the last year, especially if in a Roth 😬

Post Photo
funnylike

In prior years, I dropped 6K into my Roth IRA at beginning of year to call it a day. I can no longer contribute to Roth. I have a traditional IRA but haven’t put any money in yet. Can I put it in into Trad IRA and then immediately rollover into Roth, or do I need to wait for something? Thanks!

like

Does it ever make sense to contribute to both a HSA and a FSA?

like

Thoughts on pltr, nio and ICLN for this dip?

like

Thoughts on 800flowers? Sell or hold

like

Does anyone have really good reccos for financial advisors in Los Angeles, especially focused on freelance/small businesses? Need someone to help guide me on LLCs, taxes, investments, and a retirement plan.

like

My grandmother opened a mutual fund account for me with Putnam investments. She started it with $500 and its at $2000 now but I never touched it and have no clue how to use it or make it grow. Can anyone point me in the right direction?

like

Ally dropped savings rates again, down to .8%. Any better options or not worth the effort?

like

Does anybody work with personal capital for wealth management? I just had a meeting with them and it seems a good thing to have them manage investments since I don't have the time (or skills/knowledge to do it? I'd love to hear from who have hired them what your experience has been... Thanks!

like

What’s your credit card line up and why? I’m shopping around for new cards to maximize points for travel and hotels.

Currently have the Amex Platinum, Amex Gold, Amex Hilton Surpass, and an American Airlines card.

likefunny

Anyone familiar with Equitable’s Dual Direction offering? My brother was contacted by someone trying to peddle it. I’m assuming this is another scam like Northwestern Mutuals Whole Life Insurance, but wanted to know for certain.

like