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What is the appeal to NVIDIA?
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28 terrorist worshipping idiots just got themselves fired and I've never been prouder to work at Google.
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Google CFO confirms "large-scale" layoffs today (Apr 17)
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Go woke, go broke: Google fires 28 employees involved in pro-Hamas protest
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DoorDash vs. Amazon
Noob question here.. I think I have 4 options for previous company’s 401k: 1. Keep it as is 2. Rollover to new company’s 401k 3. Rollover to traditional IRA 4. Rollover to Roth IRA My understanding is that main difference between 1&2 is the different offerings of different 401k, but are basically the same if I just invest in low fee sp500 index which any 401k should be offering. 3 is good that I can have more flexible choices of investment vehicles, but it will mix up with the backdoor Roth IRA conversion (reference below) so I shouldn’t do it? 4 definitely not good since it will bring my income up a lot, but what if I do it gradually (like converting 10k per year) so that the tax hit now is ok and I can get all the benefits of Roth? Reference: https://momanddadmoney.com/how-to-choose-the-right-investment-account/ “”” The biggest is that there could be unintended tax consequences if you have other Traditional IRAs. Because even if you make your non-deductible contribution to a brand new IRA, the IRS considers all of the money inside all of your Traditional IRAs to be part of one big pot. And it considers any Roth IRA conversion to be a pro-rata distribution of pre-tax and post-tax money from that single pot, meaning that significant pre-tax savings in other Traditional IRAs could cause most of your conversion to be taxed. “””
I don't think having some money invested in traditional IRA on pre-tax basis should have any impact on the backdoor conversion of after-tax contribution.
I would just go with number 3 to avoid unintended tax issues. Stick it in S&p 500 admiral shares with vanguard. I would avoid 1 or two as you can select your own better costs fund with vanguard with option 3. Not sure about tax consequences of 4 so I would skip that.
For 3, my main concern is about the unintended tax consequences of commingling of before tax IRA money (coming from 401k rollover) and after tax IRA money (used to do the backdoor Roth IRA), which I don’t quite understand yet.
If you are moving jobs you are all To move to ira with no tax consequences. My wife has switched jobs 3 times and in every instance we pulled the money into our own ira. Just make sure it’s like for like. Meaning if it’s a 401k it goes in an IRA. If it’s a Roth 401k then stick in Roth IRA. Mega back door roth isn’t valid unless it’s a Roth 401k. Seriously. Just call vanguard and they will explain all this to you. They have CPAs on call for free. I just talked to one for 30 mins about pulling out money from IRA to pay for house and all the tax issues. They were super helpful.