Will be leaving IBM to a company with significantly higher TC, but no 401k. I'm 29 and have about 125k in my 401k at IBM (will be waiting for the Dec 15 match, so ~140k), and I'm not sure what I do with it when I officially leave. Do I just roll this over into an IRA and choose a fund? Is that the best or only option I have? I have other more liquid/fun investments, but have been hands off with my 401k until now. Thanks! #investments #retirement
AFAIK you can just leave it alone if you want. Rolling over to an IRA is possible too but not needed. I've done both when changing companies.
Leaving it alone is a option but it may accrue a management fees upto 2% from the provider. The fees are waived until you are in employment with original company. Check with the provider.
Good to know, ty
I have gone through what bbva said. Roll it into an IRA
Roll into IRA and consolidate with any other stranded 401ks you have
Don’t roll it to ira. Prevents you from doing backdoor roth
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Move to IRA.