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.

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

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?

like

Yes, you can.

Related Posts

What is the health insurance floater amount provided for Manager in capgemini

like

Does anyone knows a company that is hiring. I've worked with health insurance for over 20 years. I am stagnated on my current job. The salary I am looking for is $48,000 or more. I live in greenville, sc

like

What blogs/books/resources should I seek out if I want to make the transition from passive trading (index funds/buy and hold blue chips) to more active trading (options, speculation, spending a few hours a week researching, etc)? I’m looking to turn my investing into more of a side hustle

like

Hello I live in Florida and would like to start a residential assisted living facility from home or commercial Alf any thoughts on the best way to start and how to raise capital?

like

I am an Employee Engagement and Relations Manager for a healthcare clinic, and I’m looking for ideas to boost morale/employee satisfaction on a budget. Does anyone have any ideas? Thanks!

like

Does Amazon have a Mobile phone cost reimbursement policy?

like

How tough is it to break into a FAANG PM role at mid-level if you have less prestigious experience? I have 10+ YOE in product, but some was at a tiny meh startup that fizzled out, some was in the digital wing of a large old healthcare org, and though my current role is GPM at a “name brand” tech company, it’s on the smaller side. Went to a good-but-not-Ivy school. What qualifications and experience are FAANG companies looking for when hiring mid-level PMs? Can I break in at mid-level from here?

like

Just wanted to celebrate a little for completing my first week as an ACD and first week back after maternity leave.

likeuplifting

Best way to redeem UR points? If answer is travel, how do you know you're getting a good deal?

like

How hard is everyone pushing their corporate clients to authorize nonresident assignees whose only 2020 US compensation was the value of their 2019 tax preparation?
My clients are pushing back on it this year, and I can't say I blame them. If I were in their shoes, I'd rather take the risk of not filing than the expense of filing again. From my own point of view, I don't really want to spend my time on such returns, either, even if the revenue and easy return are nice.

Am I the only one that things Amex points are total trash? I have a butt load of them and have looked on the points guys recs and none of them look that great

like

Hello -travelling to client site for the first time, few questions as a manager: 1. What’s my max per diem for meals? 2. I am travelling on Sunday - hoping I can charge meals on Sunday as well? 3. I decided to stay the weekend as I had to travel back again on Monday - can I charge the hotel during weekend? Since I will be avoiding the full flight cost which is huge?

like

What funds do people have in their 401k plans? And how did y’all decide allocation? Can’t tell if I should be more aggressive given I’m in my 20s.

like

Have an interview for reward consultant role at one of the airlines. What are the hot topics within the area of Reward and benefits ? What are the Potential interview questions?

like

Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

likeuplifting

Is anyone at a job they really, truly enjoy that also pays competitively (and has good benefits)? In my experience, I haven’t found anything that satisfies both. Either I love the job and I’m grossly underpaid or the job is totally mediocre but the money is great. Is it really possible to have it all or do I need to lower my standards? Maybe it’s just the way this industry is?

like

Is it normal for a company not to provide paid maternity leave? They said it’d be paid by the state under FMLA for 3 months. Is the FMLA benefit payment taxable?

like

Hi All,
Can anyone tell me about the health insurance policy at Capgemini for parents . Is it possible to cover parents after marriage?
Thanks

like

How much will I get from 1.5L benefits provided in CTC from Thoughtworks if I don’t reimburse anything?
Liked fixed in a year?

like

Any insight into GrayRobinson? As a whole and their litigation or healthcare areas specifically.

like

More Posts

Has anyone left a firm for a different opportunity (loved the folks at their first firm), realized grass may not have been greener, & gone back?

like

What’s a good job to get with a B.S in kinesiology degree ?

like

When you're an adult $10k is like $10.

likefunny

Any safe parks or trails with free parking where I can run?

like

Hey all—not quite an ad fish in Toronto but ideally would like to become one, and I’m not sure if there’s a better place to post this. I’m born + raised in the US, but my boyfriend lives in Canada and I’m looking, hoping, to make the jump up north to be with him full time.

I know there’s a big ad scene in Toronto. Do you think it’s possible for me to get a job there from the US and move up there?

like

Recommendations for a good therapist conducting virtual visits? Particularly interested in someone who specializes in stress related to work and family. Female preferred. Thanks, ladies

like

Hi! I’m currently work full time as a working mom in a US based tech company. I just applied to be a product manager on TopTal in hopes to find a better working mom solution (maybe 20 hours) - has anyone heard of it or completed work. I’m mostly curious if there are short term vs long term opportunities and if anyone has had luck on there?

like

McKinsey & Company What’s the difference between an associate, consultant and implementation coach at McKinsey & Company ?

like

I think Certifications are a waste of Time and Money.



Real Talents won't waste their time studying for stupid exams.
They spend their time solving Real problems.

likefunny

Has anybody come up with a way to purge the words “like”and “you know” out of somebody’s speech patterns? I don’t want to be insulting, I truly want to help. It’s not a young person either

like

How easy it's to move to Switzerland with UK passport ? Domain: IT Audit and Risk Manager. What are the pros and cons.

Is CIBC capital markets a good investment bank?

like

Currently looking for Tech consulting/ Implementation consultant/ privacy roles in London. I have both CIPP/E and CIPM.
Please let me know if you know any roles that are available? Or any recruitment agencies you can refer me to

Thank you!

like

Accenture or nagarro

like

So I'm not trying to be dense, but how is it worth billions of dollars to send Artemis to the moon when we haven't even figure out how to fix our own climate

like

My floor supervisor (direct report) married the operations manager two weeks ago. I can’t say anything to either of them without hearing it repeated back to me from the other one. The OPs manager and I are on the Executive management team, and it’s making it very difficult to brainstorm about changes that need to take place throughout the organization when I can’t trust him to keep it to himself. Even if he didn’t share information, there are other issues…see below

like

When overwhelmed with workload/too much activities on your plate given by multiple people, how do you guys phrase the communication n respectfully decline new task to minimize negative perceptions?

A creative team I started working with recently has decided to ignore my every comment. They take feedback from anyone else but me, and whenever I push them to make said changes, they just pick fights and make snarky comments. Anyone have any idea why this might be?

like

NielsenIQ I am almost done with all interviews. HR round is pending. Q1) How much salary to expect from nielseniq ?

Expr - 12 year Skills - Java, spring boot, microservices, angular

Q2)How much % variable pay included in CTC

Q3) How is Tech stack, WLB in NielsenIQ ?

like

Constantly resisting the urge to quit

like

Additional Posts in Personal Investment Chatter

“How much house can I afford” question, input appreciated!

HHI of $105k, living in a HCOL area where a reasonable house for me is going to cost $400-$500k. Obviously that exceeds the rule of 3 (cont)

like

I max out all tax-advantages accounts and put 30% of my take home into an index fund. What/where else can I invest in?

like

It’s not much compared to most of the posts I’ve seen in this bowl, but I finally hit $10k NW after I started working FT in August.
Everyone in this bowl has been a tremendous help in this process. I’ve never been good at saving, so this is a big milestone for me. Thank you again to everyone who gives out advice in the bowl, it is truly invaluable. Happy NYE! ❤️

Post Photo
likeupliftingsmart

Any great personal finance/investment books to read? Or even YouTubers/Podcasters

Really looking into expanding my investment horizons — particularly about learning about how to allocate my investment portfolio. Also, always nice to learn about better ways to save and cutback.

like

How much margin is appropriate/recommended on a percentage of portfolio basis? I used to use about 10% but now that we’re in a bit of a correction it’s closer to 20%. I really want to add to positions on these dips but it would only increase the risk given the margin exposure...

like

Looking for recommendation - books, blogs, podcasts etc to learn about investment in stocks, bonds, options, commodities etc? TIA!

like

Anyone use composer.trade? Seems intuitive enough but lacking some fundamental features.

like

Worth buying VTI today? Every week I am buying and it’s going lower and lower the next day. I bought it yesterday and today it’s 5$ lesser than yesterday!

like

Repeat with me, this is a buying and holding opportunity! 👏🏻

like

Can you transfer your stocks to someone else’s name if you’re working for a company with an independence clause?

like

What blogs/books/resources should I seek out if I want to make the transition from passive trading (index funds/buy and hold blue chips) to more active trading (options, speculation, spending a few hours a week researching, etc)? I’m looking to turn my investing into more of a side hustle

like

can I put 6k in 2020 roth ira now and 6k in 2021 or am i going to get smacked?

like

Is watch a good investment vehicle in terms of resale value?

like

I'm thinking the stock market will rebound within a 3 year horizon. I'm starting grad school in fall. I'm thinking of taking a student loan & starting a 529 now, to pay it off in the future. Thoughts?

like

Currently building a house, 6 months to go and have down payment and a little more in a HYSA. Is it wise to put the remaining in an S&P 500 ETF to capture some of the bull market or hold onto cash?

Well. ARKK is back.

likefunny

Am I too late to buy a house now? Sitting on 300k of cash equivalents and want to use that as a down payment. Is there even a tiny hope for market correction in near term ?

like

How do you calculate what tax bracket you will be at when you retire? Keep reading choose the option based of what tax bracket you will be at retirement but I literally have no clue

like

Looking to invest in some new stocks. Any recommendations? TIA

like

VTI, VOO, or VTSAX - which do you all prefer and why?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal