401k

Google
kfR8w0

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kfR8w0
Apr 21, 2017 18 Comments

Do you rollover 401k into your current management system every time you change job?

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  • I just rolled over my first job's 401k into my current 401k since the investment options are better. I've kept another's 401k since it has good options so no need to consolidate.
    Apr 21, 2017 3
    • Cloudera / Eng
      Cloud9ine

      Go to company page Cloudera Eng

      PRE
      VMware
       Cloud9ine
      👆🏽👍🏼
      Apr 21, 2017
    • Tableau / Eng
      Burst

      Go to company page Tableau Eng

       Burst
      False for two reasons: big companies often have access to funds with extra low expense ratios (e.g. Vanguard institutional) that you wont have in an IRA. Also, you'll be hit with the "pro-rata rule" if you try to do the Roth back-door conversion and you have money in a trad IRA.
      Apr 21, 2017
  • I use to roll everything into IRAs, but now keep everything in employer's plan to avoid the pro-rata rule for the mega backdoor Roth IRA.
    Apr 21, 2017 1
  • Amazon
    ✓

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    ✓
    I roll it over to my traditional IRA account every time I leave a job.
    Apr 21, 2017 3
    • Amazon
      ✓

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      ✓
      $25 per mutual fund, I put it in the year target index fund, so $25. there are ways to avoid that too.
      Apr 21, 2017
    • Apple / Eng
      S Nutella!

      Go to company page Apple Eng

      BIO
      Lmfao
       S Nutella!
      I would not recommend this route. 401k offers more protection against creditors while also saving you to do back door roth. Not to mention access to institutional funds with ultra low ER.
      Apr 21, 2017
  • Twilio / Mgmt
    vWuY26

    Go to company page Twilio Mgmt

     vWuY26
    Rolling over to maintain $100k in your current employer's 401k can be worth it if they allow loans. This gives you access to a $50k loan you can use for anything. only catch is remaining balance is due if you leave the company.
    Apr 21, 2017 0
  • Tableau / Eng
    Burst

    Go to company page Tableau Eng

     Burst
    Read the fine print. If you aren't regularly contributing to a 401k because you don't work there anymore, there might be additional fees assessed on the account. If so, def roll it over.
    Apr 21, 2017 0