Tech IndustryApr 17, 2019
SamsungmwJO44
Transfering 401k funds from Fidelity to Trasamerica
My previous company provides 401 thru Fidelity and my new company provides 401k thru Transamerica. What should I do with my Fidelity 401k ? Which option is better ? Should I transfer my 401k to new company or just transfer it to some other saving plan. Please advise ....
Roll over to IRA
No ERISA protection in an IRA. If you owe creditors, they’ll smash that piggy bank wide open and make a legal heist.
Plus you lose the ability to Backdoor Roth
It depends on how much you like your new 401k provider. Personally, I'd rollover to an IRA. Note: I'm not a professional financial advisor and you sound like you may benefit from speaking to one.