Pretty set on rolling over my previous employers 401k to a Schwab IRA. What's the subsequent play, leave it in a target index fund? A bit lost on how to handle the IRA. Ideally, I set and forget.

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

Why not leave it where it is? Rolling it into your tIRA is going to make things hard for you when you reach the earning limit for IRA contributions. Pro Rata rules when trying to do a backdoor Roth IRA contribution will be a pain.

like

Second this. Just learned about the pro rata rules and actually rolled an old small traditional IRA into my 401k so that I could do a backdoor conversion on my new IRA without paying additional taxes.
Also, expense fees were lower in my 401k as I was just doing a target date fund.

like

For me, the IRA 401k graveyard is a good idea - allows you to get all of your cash in one place to make larger positions if you choose, easier administration:balancing and/or easier to diversify, also will offer significantly more investment options than the 401k format.

FDS, thats not how it works. Pro Rata rules complicate future Roth conversions, not present account roll overs. This is particularly painful for those who exceed IRA contribution limits and make ‘backdoor’ Roth IRA conversions.

like

I have 401k plans with 3 different previous employers... I guess I’m too lazy to consolidate and and don’t mind the extra annual acct maintenance fees from having multiple 401k plans... eventually I will consolidate though, but probably *not* do IRA conversion

Related Posts

What kind of rates are people getting for their mortgage right now? How should I find a lender without multiple checks against my credit?

like

Why are accountants and government officials saying health care workers should be mandated to get vaccines? A large percentage of health care workers do not want the vaccine and unfortunately once the vaccine is mandated this data will be gone, but as of today NY Healthcare workers are only about 30 percent vaccinated. The vaccine has been out for a year, they could've gotten it by now. So are we saying the nurses who were heroes last year are no longer heroes? Do we really think we know more?🤦

likefunny

What is the consensus on Ruder Finn currently? Healthcare specifically

like

We want to be ready to buy a house in about a year. We currently having money sitting in some CDs, but I feel there is probably smarter ways for us to be saving the money. Advice?

like
like

A&M folks, how good (or not) are your health / dental/ vision benefits ? How much are out-of-pocket expenses for families? Also how is the 401(k) match?

like

NA based, looking to invest in equities with a 10-15 year horizon. Any industries / players worth looking into? More broadly, do you have a source to identify such stocks on an ongoing basis? Any ideas are welcome..

like

160K out of my 225K net worth is in retirement savings. Anything I should reconsider here? I’ve been maxing things out and always felt like that was the right answer, but want to know if I’m missing anything. I’m 25.

like

Is there any reason not to open and invest in a 529 account? We've told our goddaughter's parents we'd be happy to contribute and they've been really weird about setting one up. I guess the grandma even set one up independently after trying to get them to do so. The excuses they tell us are clearly avoidance so we aren't pressing further just want to make sure it's not something else I'm missing from a fundamentals standpoint.

likehelpful

One policy that has been hotly debated but I strongly disagree with (as a left leaning person) is student debt cancellation. My other liberal friends also disagree with this one. Some worked hard to pay off. Others decided to borrow from family instead of institution. I know the left is not on board with this as a mainstream agenda right now and it should stay that way.

like

I’ve been in the healthcare industry for over 20 years, and have been in management for several years in that field (though not currently in management). I’ve been with an insurance company for almost 10 years in various capacities and ready to make a change - more than likely leaving the organization. Is it worth getting a PMP certification? I have my BA.

like

How long did it take you to pay off your student loans after graduating?

like

In the past I’ve worked in consumer lending and have been trying to get back into that field of work. My current employer hasn’t really had any openings in any department that I’m interested in and job shadowing hasn’t been an option due to how the workload of the department is. Does anyone know of any potential work from home and/or office positions open for consumer lending with good pay and benefits? I’m a quick learner, knowledgeable and hard working. Please send me any referrals.

like

Have 3 401k and 1 ira account. Now have to consolidate all of them in vanguard. Any recommendations on how to move them
Looking for options to take advantage of rollover.

like

I’m an occupational therapist looking to transition out of traditional OT. I would like to get a remote position in Utilization Review or Appeals/Denials. I also recently got a data analytics certificate so would be open to healthcare analytics. Anyone know a resource or looking to hire for these?

like

I’m a judicial clerk and was offered an associate position. I received the info regarding billable hours, salary, and benefits. What are other things I should know about before deciding to accept?

like

Time to buy SQQQ / TTT / TZA?

like

I have a NRI home loan through ICICI bank and I realized today (mar 6th) that my emi money was in a different account and the auto pay account didn’t have sufficed balance(auto pay is for mar 5) I immediately transferred money to the emi auto pay account and haven’t heard from the bank about any late payment etc but was wondering if there is usually a grace period or something before it’s considered a ‘missed EMI’? Any advice would be appreciated, a little nervous about this :/

like

More Posts

Hi All,

I hve offers from tata-communications and t-systems.

Which one to join, from a work life balance and stability prospective.

like

Looking to book one night at a Marriott property in chicago to celebrate anniversary with my wife - mostly deciding between the Gwen and the Ritz. Which would you choose? (Assume price doesn’t matter)

like

Anyone know of females looking for roomies? Looking to move January / February. Max budget is $1600!

like

What is the cheapest electric company these days?

Anyone buy into any of the marijuana ETFs? If so, which one and why?

like

My boyfriend is always on his phone when I approach him to talk about something enthusiastically like may be an incident at work or the vacation details I have planned for us. It’s not like he doesn’t listen to me, but instead of having an eye contact, he is always scrolling through Twitter or some app on his phone. It hurts me and makes me feel unloved/angry. Is this normal for guys? What should I do? Please help.

like

Holy crap depression is kicking my ass

like

Tomorrow is the first day of the new work week. What are your goals for this week?

like

I have been a CCA medical coder for my hospital in Oregon for 8.5 years. I have been only been doing outpatient simple visit coding and my supervisors have basically stopped me and another coworker from advancing. We don't have any room for advancement and we are basically stuck.
Im nervous for reaching out to other companies to see if I can get a better offer and advance my career. Im nervous because I am a single mother of 3 and have been at my hospital for 14.5 years.
Any advice or tips ?

like

My last drink was me polishing off an expensive bottle of champagne on New Years. Tux on. In bed. It was a fitting farewell to booze. I’m thinking this could be a whole new thing for me. I’m certainly better off without it. I’m a bit worried about things opening up again. Parties. Travel. The roaring 20s. Got to keep up with the meditations and have plenty of proxies on hand.

like

Hi fishes,

May I know how much will be the in hand salary after all deductions?
Also I can't see any variable pay component in it and does BoB come under fixed salary?

Post Photo
like

Who’s hungry for some African meals?
Please like and comment so I can gain access to DMs. Who knows, I might be able to send you the recipe :)

Post Photo
likefunnyuplifting

When is getting a Masters in Finance more valuable than an MBA?

like

Hello Guys ,
I am looking for a refer in paypal for the role of data scientist 1 .

I have an exp of 5 years. Can someone please refer me to this role .

Can we stop attaching unpublished cases yet?

like

Anyone living in Vijay Vihar, wagholi and has a room available or knows about someone who has a room available

Please DM me

Any specific resources to look at for McKinsey solutions? Have an interview coming for a position in the Marketing & Sales division and could use advice. Thanks!

like

Hi!
Tier 1 commerce grad, excellent academics (10/12/grad)
2YOE Deloitte Consulting (good frontend exposure)
Looking for opportunities in PE/VC space. Can even start with internship (if possibility of conversion to full time)
Any referrals/leads would be appreciated!

Thanks in advance.

like

Just received an offer letter for 80k with 10% bonus structure, 3 YOE, Houston TX for full cycle recruitment including college recruiting (would be the only recruiter, company went public this year)… 80k was the salary they would offer “the right candidate”, wondering if I should counter? I feel like it’s a competitive offer for my YOE but not 100% sure

like

Shooting my shot, anyone up for a chat with a M🐠, lonely night and tipsy. Let’s see where it leads...

Additional Posts in Consulting

Evaluating joining BCG at the principal level. Any pointers on interviews pls? Also keep reading about BCG perks and benefits on this forum - can someone please share the top 5 maybe?

like

I️ want to make money fast

like

what do recruiters ask your professional references?

like

Portable keyboard and mouse would you recommendations? Need something lightweight and that packs small. Thanks in advance!

like

We are McKinsey!

Post Photo
likefunny

Are there any good movies or novels that show skill development - like follow through? Self-management? Money management? I read a lot of self help books so I know a lot of the theory, and books peppered with examples help, but I feel like most 1 paragraph examples don’t five justice to how hard it may be to change a behavior.

like

Best WFH office chair? Looking for an upgrade

Post Photo
like

Nope nope nope. Especially not after you cancelled our Christmas Party 😤

Post Photo
funnylike

North American Accenture folks. Am I the only one to think that this new one consulting / local BS is going to result in layoffs? Got a weird email from HR asking to identify which city we worked in

like

Heading into the weekend like...

Post Photo
like

🌈 coming into Guam✨ #FlyDayFriday

Post Photo
likeuplifting

Hey some help FB: had to move rooms at a Westin bc the tv was so broken they couldn't figure out how to fix it -- they were nice but is there a way I can at least get points for that and how?

like

Anyone have any thoughts on cyber security consulting vs cyber security in industry? Which do you prefer and why?

like

Is Netflix really that prestigious of a company, or are they just included to make FAANG a more appropriate acronym?

funnylike

Does anyone live in a state outside of their home office? Is it a risky move?

like

Lately I’ve been finding myself wanting to redo everyone’s work. I think I have good ideas, but I’m wary that I surely don’t know everything, nor do I want to be annoying to work with. Plus I don’t ..

like

New client. Just walked into hotel. Yep, smells like the Westin.

like

Is there anyone here who travels on a 3 week onsite 1 week offshore model? Do you feel you would rather have a Mon-Thurs model. At least for countries that are < 6hrs away from your home location?

like

What is the "new" EY Partner Pension max fully vested benefit for those who join the Partnership today? I keep hearing it got "gutted". Did it really?

like