CompensationApr 18, 2018
Oraclelineis12vo

401k and HSA

I just resigned and plan to join a startup. What do you guys do with your 401k and HSA when you leave?

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Salesforce SadForce Apr 18, 2018

401k stays as is; and so does HSA. It’s your money.

Talend rapier Apr 18, 2018

Depending on the balance, either leave them in place and track them like you do already, or roll the 401k over to an IRA. Spend down the HSA for anything medical until it is gone. Or (not sure if allowed - I've always just spent it) see if you can do a rollover into the HSA at the new place.

Uber jf583us Apr 19, 2018

Never spend your HSA!!! Invest it

Talend rapier Apr 19, 2018

If you don't have medical expenses, definitely. If you do, use your old HSA first until it is empty.

Glassdoor Poopyboy Apr 18, 2018

Your startup will likely not have 401k's, but if they do, and especially if there is a match, transfer those funds to that. Otherwise, just roll it into an IRA.

Oracle lineis12vo OP Apr 18, 2018

Yeah they don't.

VMware jcbrisv Apr 19, 2018

Or just leave the 401k as is. Rolling over to ira prevents you from doing backdoor Roth