{ "media_type": "text", "post_content": "Those who just left ibm, what did yall do with your 401k?", "post_id": "5b8350b674097000138c0d12", "reply_count": 10, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Those who just left ibm, what did yall do with your 401k?

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Transferred to a traditional IRA

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It depends on your situation. For example, If you are over 55 and meet IBMs retirement criteria it may be best to leave it alone bc you can get money out with no penalty. I suggest you contact Fidelity and IBM HR to discuss your situation.

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What would happen if one doesn’t take any action at all?

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How much longer after? Or right when you left?

Rollover IRA. Not super urgent but suggest moving within a month or two

Transfer to a traditional IRA. Keep control of your retirement savings

So right now there is a section to contribute towards Roth on our IBM fidelity account. Never seen this before, will this still just be a personal Roth ira account?

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No, that is a Roth 401k account. Make sure you meet income limits before you contribute.

I know but there is also a roth section too. Will that be separate of IBM or part of it?

That’s a sub account under IBM 401k. You can roll over to a Roth IRA when you leave.

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