Question, or advice. If you leave your job and have a 401k balance under 5k what is the best option for me to do? Rollover to an IRA, keep the funds where they are, or would I lose that money? TIA

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

I would just roll it over to your new company. The only money that wouldn't roll over would be money that was contributed by your employer and hasn't vested yet.

like

Agree. I believe there are online tools to help you do this easily

You’d never lose money you contributed, but you would lose any unvested company match money. It’s simply a matter of preference of provider and investment options, though once you settle into your new job it will be much easier to manage everything if you just do a direct rollover so all your funds are in the same place. It would also allow you to have more money at your disposal should you want to do a loan against your 401k, though I don’t recommend that!

likehelpful

Awesome. THis is great advice. Thank you for sharing.

like

Check your plan documents. I think that sometimes, a small balance is auto cashed out.

like

Seconding this... check your plan document to see if you're below the threshold for auto-distribution.

You won't lose it and can roll it into another plan if you choose

like

I would roll it into an account you control outside of employment. Then every time you change employers, roll monies to that account.

Roll is over 100%. That is your money. You’ll never lose it but people so lose track of their old 401k. Trust — that money will compound over time to a lot more than $5k!

Exactly why it should be rolled into an account you control rather than leaving with the employer. Keep all 401ks where you control and know where they are at

I have never thought about it this way. You probably consult a 401K expert.

*at

Related Posts

I have below offers in Hyderabad, current salary(with 10% var) 13.25, YOE 6.3Y, .Net Fullstack developer

Hexagon

Basic 8.2 L

Reimbursement component 44K

PF 8202 + 8202 = 16404

Yearly gratuity

Base + 10% variable = 22.5 LPA

CreditSafe

Basic 8.24 L

Reimbursement component 3.18L

PF 1800 + 1800 = 3600

Base + NO variable = 24.5 LPA

Which one would be better option?

Why CreditSafe has that much reimbursement component? Are bills required to get it?

Why only 1800 as PF in CreditSafe?

like

Are all 529 plans not allowed if one makes partner at PwC? Seems like everything is showing up as not permitted on independence checkpoint.

like

Does anybody have a financial advisor they trust and recommend in the city?

Did a BRRRR and had a cash at close of $55K. This is after paying off the original loan, after closing costs (new refi), etc. but before renovation costs, holding costs, and original closing costs. At which point am I taxed?

like

How much do you spend on groceries per month? (Also #of household member would be helpful too)
Trying to cut down spending, Just took a closer look at my expenses and I spend about 700 per month, single person. I feel like this is higher than I expected

like

What are some agencies that have strong of culturally relevant work/clients? Tired of working with healthcare and trying to make a move into something I’m more interested in or cooler at least

like

What’s your credit card line up and why? I’m shopping around for new cards to maximize points for travel and hotels.

Currently have the Amex Platinum, Amex Gold, Amex Hilton Surpass, and an American Airlines card.

likefunny

I was expecting my final EY Pay today but it didn’t get deposited. However, I did have an attempted FedEx signature required delivery yesterday. Do you think that is my final check?

Is now a bad time to put money in the market? Prices seem high but I want to start investing and don’t want to miss out on potential returns. Should I just invest a set amount per month to hedge both ways?

like

Happy Monday! I cleared multiple rounds for a PM role and am currently in the team match phase. My recruiter left on maternity leave and handed over to another recruiter. The new recruiter is refusing to get on a call with me stating very frivolous reasons such as they could not read my email request as it went to spam etc. Its been over two weeks and they haven’t contacted me since. Should I be worried? Who do I talk to that can help move my candidacy?

like

Hi Everyone
Will anyone tell me the inhand for the following. And how to save taxes on the same.

Post Photo
like

If you do leave, have you thought about which city in the US you’d move to? I’ve been here ten years, absolutely love it. Can’t imagine living anywhere else, but I’d like to buy a nice home and can’t afford one in NYC.

like

Hello! I'm looking to make a change into healthcare consulting. I have a B.S in public health and minor in biology and I've been working for a health insurance company for 2.5 years.Are there any healthcare recruiters or people with a similar education background in consulting be available for a coffee chat?

like

Planning to sell XRP and buy QTUM - good idea bad idea?

like

Hey all,

YOE - 6 Years
Tech - Frontend Developer (Angular)

I have offers from 2 companies, same pay and almost same benefits.

Software AG (GCS Department) - work will be on Agile Apps (No Code/Low code)

Larsen & Toubro Infotech - Work will be on a client (Schneider) project

Which one would be better?
Please help

like

Do we have child care benefits in Optum.

like

Anyone purchased gold or silver from Rosland capital ? Would you recommend it?

like

What is the best way to respond when an interviewer insists that you provide a base number for compensation during the interview process? I mentioned that I was interested in learning more about the full compensation package (benefits, etc.), but the recruiter insisted twice. I do not want to price myself out of a position or lose money either. All tips are greatly appreciated.

like

What’s are the best crypto’s to invest in? I currently have Solano, ADA, Shiba… I have $1000 to put on my wealthsimple (nothing too crazy).

like

Looking for referrals in healthcare consulting. Please let me know if your firm is hiring. I have been looking as well. Thanks!

like

More Posts

Interested please DM Larsen & Toubro Infotech

Post Photo
like
like

As an egalitarian, I can't support HeForShe until they recognize the violence and discrimination issues affecting men and boys. #WeForUs

like

Anyone interested in doing case this wkd?

like

@EYFishes - What can you get for the $500 EY Health and Wellness benefit, other than the gym memberships?

like

Do companies do assessments on Arabic? What are they like?

like

It’s always something with Karen

Post Photo
likefunny

How much does FIS try retaining their resource when one resigns?
Do they matchup the compensation that is offered by another Company to retain?

like

What does Business Analyst at band A2 means in EXL services?

like

Hi there - wanted to get your views on TikTok as an employer/organisation in comparison to the other media tech companies - does it have credible kudos, prestige and reputation?

I am currently interviewing in the hope having TikTok on the CV could help boost my credentials for future MAANG roles?

Other TikTokers share their experiences and perks of working there?

Truly grateful for any insight.

Thanks

Where can I buy cheap dressers in NYC?

like

What are the stereotypical buildings new grads live in in Murray Hill? Have heard View 34, New York Tower, House 39. Any others?

like

COINDCX ANY ONE

like

Hello Everyone,
Can anyone refer me into Data Processing (Quantum).
Thanks in advance

Salary range for VPs in major cities (not NY). Currently at 175, interviewing to move in-house. How high can I ask for ?

like

I think there are a few folks interested in learning or practicing use of Sanskrit. Here is a publication if interested.
Samskrita daily newspaper - Sudharma - the only Samskrita daily in publication all across the world. They are running in a bit of loss right now and might have to shut down their work if people don't join hands to help them. Cont’d

like

If you do leave, have you thought about which city in the US you’d move to? I’ve been here ten years, absolutely love it. Can’t imagine living anywhere else, but I’d like to buy a nice home and can’t afford one in NYC.

like
like

What's the difference between changeability and utilisation? How does it impact promotion, performance appraisal if you're on a non chargeable project that gives utilisation to the resource?

Hey Guys,

I have an interview scheduled next week. Baded on your experience what was the difficulty level of the interview ?

What kind of questions can I expect ?

Additional Posts in Human Resources

Hi all!! I saw this position posted for Deloitte. "Senior Onboarding Specialist - Core Talent Services" I want to apply, but before I do, are there any Deloitte referral programs or any advice to help me stand out?

Thank you!

like

My company is rolling out wage increases. I noticed that there are only three of the 11 new hires from 2011 that are not getting the increase until their anniversary date. I questioned this because there is no rhyme or reason for three of them to be left out. The others did not negotiate increases at hiring so why leave them out?

like

Do you provide FMLA eligibility info anytime an employee has been out sick for 3+ days? Do you designate the leave if it's been more than 5? Just curious how others administer this.

like

Hello! Lucky to be on here. I’m considering going into real estate recruitment. Any suggestions?

Hi all!
Would love some insight on how you went from an HR assistant/coordinator to an HR Generalist. I’ve been in the HR world for 8 years, and only in the last 2-3 have I really done real HR work. The first company I was at didn’t have a solid HR team so I don’t really count that. I feel like I’m ready to take on more responsibility and learn more. And of course make more money.

I have looked into getting SHRM certification. But should I go back to school and get my masters in Hr?

like

Does PHR certification help in India, as this is globally recognised how much valuable is this currently in indian job market.

Do we got some good offers or its another certificate just to add to CV after so much of investment & time I don't want to get this wasted !!

Need suggestions ??

Hi, I need help. I am looking for some coaching guidance for my personal development. Is anyone aware of any platform that connects to coaches ?

like

Our company is considering hiring offshore technical resources. Can anyone recommend a company that can help us determine where it makes most sense, start up costs, process, legal/tax, timeline, etc.? We’re not sure where to start. We are a smaller company, probably looking to start with 5 to 15 resources, then potentially grow from there

like

I am struggling to spend the time to study for the PHR. I have everything I need, but I feel exhausted from the work week every weekend. I’m looking to take it in August.. help? What do I do?

like

PHR or SHRM-CP?

like

I was talking with my director the other day about how I think the US should be implementing longer maternity leave policies and generally better parental leave policies for parents who have given birth/had a partner give birth/adopted a child, and she said it was "a crackpot idea meant to push socialist agendas." Where do I even start...The countries with better parental leave policies are MILES ahead of us.

like

Hello all! I hope you can help me out here.

So I have been struggling to get a job/even interviews after my long maternity leave.


I would love some feedback on what can I do to improve my chances on get an interview and of course a job.

I have 9+years of experience in HR-generalist. I moved from Mexico to Sweden so I’m mostly trying to get a remoto job since I do not live in a big city. Any tips on where I can look for my dream job?

like

What are the tldr differences between HR roles, people Operations, and people business partner positions? They all seem similar but I’m curious how y’all characterize them. I’m coming out of a very internal position at a nonprofit and I’m trying to better align my work accomplishments to make sense in more traditional career paths.

like

What is the best feedback(or feedback you’ve heard) to provide to a rejected candidate who is a close second but the other candidate just seems to be a bit better cultural fit?

Candidate we are proceeding has more energy, genuine, came across more authentic. Which is something hard to quantify.

We would’ve offered both if we had 2 roles

likehelpful

Does anyone have a boss or leader that nitpicks at everything you do, and also doesn’t recognize your work? Do they tend to have favorites? I started at this company fairly recently, as well as some members of my team. None of us has even been in the company for 4 months yet and we all want to leave because of our leadership team. I’m hesitant to look elsewhere since it “shows that I don’t stay at the company long,” but my goodness we are going insane!

like