Should I rollover my 401k money
I have a 401k money (90k) sitting in my previous employer’s brokerage account (guideline). Any benefits to moving it to my current Fidelity account? My portfolio in Guideline is dividend yield ones (I get several 100s every quarter) but with Fidelity, I don’t have that option. What should I do?
Yea. Usually each account will be charged annual fees, so why pay double?? Cannot imagine that Fidelity would block you from stocks or funds that pay dividends. Double check your options with Fidelity, you may have missed something… example: https://www.fidelity.com/news/article/investing-ideas/202310171647BANKRATEBANKRATE2496764648 https://www.fidelity.com/mutual-funds/mutual-fund-spotlights/income-producing-fidelity-funds
The fees are based on the amount of money at each fund, so there shouldn’t be any difference, right? Am I missing something here?
Same question here. Is it worth to roll over to IRA and would that let me invest in my choice of stocks?
Yes absolutely. I moved my previous 401k from Fidelity to rollover IRA of Fidelity. Very smooth process and gives me so much flexibility to invest how I wished. Additionally could take out $10k from the IRA penalty free towards first home purchase
Which one is better traditional or Roth and why? Both get investment flexibility and penalty free withdrawal?
Roll it into your workplace retirement account so you can backdoor Roth IRA. If you don't, you're subject to the pro rata rule.
Once you terminate from the company, but leave the money in the account, Guideline charges $4 a month, regardless of account balance.
Whichever one gives you better investment options. For Fidelity, look into BrokerageLink if you want more options
Never heard of it. How does it work?