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.

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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.

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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.

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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.

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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

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