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Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .
Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.
Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.
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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
Agree w all the above.
I think you can roll it into an IRA and have more control. Can someone confirm this?
Yes, you can.