Should I roll over amazon 401k to Facebook

Amazon / Eng
Amar

Go to company page Amazon Eng

Amar
Aug 24, 2018 28 Comments

Just joined fb. Tc 350
I have 401k from amazon and Sony. I’m no financial guru and not familiar with each of them to know which one is better . I’m wondering if any one has looked into this issue and can provide some insight

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TOP 28 Comments
  • Rollover to an IRA at Vanguard instead
    Aug 24, 2018 19
    • Sony
      PSN

      Go to company page Sony

      PSN
      Can anyone speak to Facebook’s actual 401k program? Who is it through? Is it any good? I would imagine that at their scale they have a decent plan.
      Aug 24, 2018
    • Even good 401k plans usually lack enough options to have a truly diversified portfolio across multiple factors globally. I'll take diversification over saving $1000 on a backdoor either conversion any day
      Aug 24, 2018
  • FB’s 401k options are A+. They have most major vanguard fund options with institutional-level fees. See VIIIX with 0.02% expense ratio.
    Aug 24, 2018 2
  • This was just discussed in depth at the Blind thread “old 401k rollover strategy”. I recommend you look at my comments there.
    Aug 24, 2018 1
    • Copied from there (where option 1 was leave in old 401k, option 2 was move to new 401k, option 3 was rollover to IRA):

      If you like the fees and investment options better in your old 401k then choose option 1. If the fees and investment options are better in your new 401k then choose option 2. If you need more control over your investments and don’t plan to do backdoor Roth (or plan to convert your entire old 401k to Roth and pay the potentially large tax bill) and you don’t like fees or investment options in either of your 401ks, only then choose option 3.

      I chose option 1. It is one more account to manage but I don’t mind that. Now I can choose the better funds from each 401k. At some point it may become unwieldy and I’ll look into option 2 or 3 at that time, but for now it works great.
      Aug 24, 2018
  • IBM
    dKng47

    Go to company page IBM

    dKng47
    I don't mean to derail the topic. Would you mind sharing some Interview prep advice? I have an upcoming interview and I'd appreciate it dearly.
    Aug 24, 2018 1
  • Jet.com / Eng
    jetsetting

    Go to company page Jet.com Eng

    jetsetting
    YOE?
    Aug 24, 2018 0