Have Amazon offered traditional 401k with Fidelity. What is recommended way to handle investment if I am switching jobs? The other company uses TransAmerica but I don't mind maintaining both if there is no up/down side #amazon #401k #switch #investment
Leave in there, roll into new jobs 401k, roll into ira. Depends on fees, investment choices and how many places you want your money .
Elaborate?
You have three choices : 1. Leave it where it is.* 2. Roll into into an IRA at a place of your choosing. 3. Roll it I to your new companies 401k. For 1 vs 3 it depends on which company has a better website, better fund selections, and better fees. For 1/3 vs 2 there's some differences between IRA and 401k regarding withdrawal age, bankruptcy and a few others. Generally the biggest difference is with an IRA you can choose from many different companies where to put it, which might let you pick one with lower fees/better options. However, I've found that big companies 401ks are often better than IRAs. Finally note you can often roll IRAs into 401ks. * Many 401k providers have a provision where small value accounts, usually less than 2k or 5k will be automatically closed. The money will either be mailed to you as an early withdrawal or maybe converted into an IRA automatically.
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Just maintain both. It’s same