Related Posts
Any healthcare executives here?
More Posts
What’s going on in the District this week??
Hello Everyone,
I have been admitted to a top-5 business school in UK for Masters in Management starting Sept 22.
I am currently in India looking for exciting Full-time/Intern opportunities for a 3-4 month period in roles such as Growth/Product/Consulting/Strategy/Business Analytics.
I have 6 Months of relevant start-up experience, through which I've gained alot.
Degree: Btech, ECE 2021 from PEC, Chandigarh (India top 100)
Looking forward
Contact for more:
tanmaykaushik910@gmail.com
Additional Posts in Personal Investment Chatter
what’s the most you’ve spent on brunch 🤣
Best investment book recommendations?
New to Fishbowl?
unlock all discussions on Fishbowl.
Open an account at fidelity, schwab, or vanguard and roll it over
Definitely don’t make enough
Convert to IRA.
First, if you don’t have an IRA, open one with a broker/dealer and get the routing and account number. Then call your 401k broker for forms to execute the transaction.
You can keep your 401k but some levy fees for dormant accounts after a while which, not knowing the situation about that, is why I suggest the IRA route. It also gives you more control over what assets you can use.
Transfer to a traditional IRA with a company like Schwab or Vanguard
Lek / Deloitte, what’s the benefit of converting to IRA vs leaving it as a 401k? Had the same question
I didn’t move mine to traditional IRA because it becomes a hassle doing a backdoor conversion. I just kept my old one and have my new one.
Conversation Starter
There are mixed comments here. How does converting previous 401k to trad IRA help with backdoor Roth? In Backdoor Roth conversion, you move over post-tax IRA funds into Roth IRA so that the growth is not taxed. But by converting 401k to trad IRA, it would all still be pre-tax dollars. What am I missing?
It doesn’t.... everyone is saying that having a traditional IRA makes Blackfoot Roth’s less attractive. But since so few people actually do one that disadvantage doesn’t necessarily overweight the advantages of rolling over.
So much yelling for 7% 😳