401k administration fee

TransNational Payments
8hfa6dhdhs

TransNational Payments

8hfa6dhdhs
Jan 2 6 Comments

currently i am unemployed and I have 401k on my former employees. I have received an email from fidelity saying the below.

The Recordkeeping Fee of 0.22% based on account balance per year.

where do i need to roll over my 401k until I get hired? any input would appreciated.

tc: 🥜.

#401k #fidelity #fidelityportfolio

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TOP 6 Comments
  • Meta
    QNvt18

    Go to company page Meta

    QNvt18
    You have two options:

    1) Roll over to a traditional IRA AT Vanguard or fidelity & keep everything “before tax”

    2) if you think you’ll have low earnings this year, it’s a great time to roll your 401k (pretax) to your Roth IRA (post tax). You pay taxes on the transition, but it’s a great way to build tax free income in retirement.
    Jan 2 2
    • TransNational Payments
      8hfa6dhdhs

      TransNational Payments

      8hfa6dhdhs
      OP
      that is sounds greats which finance institute is better
      Jan 2
    • Meta
      QNvt18

      Go to company page Meta

      QNvt18
      Vanguard has lower fees - they invented the low fee, diversified ETF & mutual fund - but a terrible UX. Some people love vanguard, but I have mixed feelings.

      Fidelity has a great UX and recently released some zero fee mutual funds to compete with Vanguard. I’d recommend Fidelity.
      Jan 2
  • Move it to a ROL IRA.
    Jan 2 1
    • TransNational Payments
      8hfa6dhdhs

      TransNational Payments

      8hfa6dhdhs
      OP
      which Finance institute is better?
      Jan 2
  • Amazon
    IInp15

    Go to company page Amazon

    IInp15
    Betterment
    Jan 2 0