Pros/cons to rolling over 401k plan to new employer? Does it matter? Would be going from Fidelity to McKinsey if that makes a difference.

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1. Rolling into IRA is best option for flexibility but…
1a. It can prevent you from making backdoor Roth contributions in future (assuming the house bill doesn’t pass as-is)
1b. 401k is better protected relative to IRA in case of judgements / bankruptcy etc. not a lot of difference but there are some specific scenarios where 401k would be advantageous

2. Rolling into new 401k - if you want future backdoor Roth and the new 401k has good fund options and low fees, this is a good option

3. Leaving in the current 401k - if you want to be able to do backdoor Roth in future and your new 401k has higher fees / Inferior funds - this is a good option

likesmart

Agree w all the above.

I think you can roll it into an IRA and have more control. Can someone confirm this?

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Yes, you can.

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