What do people do with 401K account when changing jobs? I am about to leave Amazon and going to Google. With Amazon, I have 401K account in fidelity. With Google, I am told that would be managed by Vanguard?
Can I keep these 2 separate accounts? or should I rollover to new employer account? What is advisable?
Also, for rollover, should I talk to Fidelity to do? And will it only be done once I join Google? And with rollover, are there any disadvantages?
#personalfinance #investments
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
I have a fidelity (msft) and the vanguard still because I had a 401k loan when I went changed. It's not a big deal to have both.
I think it's possible for your old 401k administrator to charge an fee. In that case you should definitely roll it over. I don't know Amazon's plan details, but my Microsoft 401k does not charge this fee.
Google has one of the best 401k plans, just roll your Amazon plan into it. Vanguard makes it super easy.