My 401k is with fidelity. After I left my company, can I just leave it there? Is there any benefits to rolling over 401k to new employer or personal account vs leaving it untouched?
Yes. Convert 401k to IRA to get more investment options
Sell covered calls with the cash, untaxed
Not all 401k plans are the same. They vary in fees and investment options. If your old one is good, just leave it there. Otherwise move to IRA or new 401k if that one is better. There's also something to be said for account consolidation - fewer accounts are easier to manage.
yes you can leave it there benefit to rolling over is easier to manage if you want to change investments. imagine 1 vs 5 accounts as you move companies over time
It’s a trade off. IRAs have more investment options. But 401ks are immune from civil liability. A debt collector can’t go after a 401k, but in some circumstances they could go after an IRA.
Put into an IRA or at least roll it into your new 401k. I prefer the IRA for more investment options in most cases, you also can’t contribute to your old 401k.
You can leave it there or roll it over. I’ve rolled over all of mine to avoid fees.
rollover into new employer .
If it’s at Fidelity, I’d convert it to an IRA. They don’t charge fees and have a ton of good investment options. There might be some conversion paperwork that needs to happen (it did with me), but you just call them and the very nice person takes care of it. I’ve been slowly moving all of my stuff to Fidelity because I like the investment options, tools, and customer service. YMMV.
I moved it to Chase under a financial advisor and so far it’s making more money than when I managed it myself
What’s the fee?
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