Should I rollover 401k to new employer?

Oct 5, 2020 12 Comments

Hi, I recently changed jobs. Should I rollover my @capgemini 401k to my new employer - @amazon 401k. Both are on Fidelity. Thanks!

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TOP 12 Comments
  • eBay
    shaakaal🧑🏻‍🦲

    Go to company page eBay

    shaakaal🧑🏻‍🦲
    Never a good idea to roll over a 401k to a new employer. 401k are almost shit plans in favor of brokerages.

    You should rollover it to a traditional ira account which will get you access to better funds. If you have an existing traditional ira then rollover to it. If not then work with fidelity to get one opened there since it would be easiest.
    Oct 5, 2020 2
  • Noodle.ai
    RusHaneman

    Noodle.ai

    RusHaneman
    roll it over to a Roth IRA and invest in stonks
    Oct 5, 2020 1
  • Rollover IRA
    Oct 5, 2020 0
  • Yes unless previous has better funds
    Oct 5, 2020 0
  • Adobe
    urManager?

    Go to company page Adobe

    urManager?
    Roll it over to an IRA or Roth IRA(as appropriate). If you keep it at fidelity it’s only a couple of clicks to do so, or pick another firm, doesn’t really matter. If you really liked the funds you have in your 401k, stay with them, or put it in something else. But no real benefit to rolling it into your new 401k other than only staring at one account.
    Oct 5, 2020 3
    • Adobe
      1x2y3z4?

      Go to company page Adobe

      1x2y3z4?
      Asset protection against yourself, as in limiting what you can invest in, withdrawing it to pay your bookie, ex-wife, or an extreme hardship, etc. or is there some other protection you are thinking of that I’m missing. (Serious question, now I’m curious)
      Oct 5, 2020
    • Against any liabilities in general. I don’t know the details just know 401k > ira > regular brokerages
      Oct 6, 2020