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re: 401k advice when swapping jobs ???
Posted on 12/30/25 at 6:51 pm to H2A2
Posted on 12/30/25 at 6:51 pm to H2A2
I recently retired, and choose to leave my 401K in my former employer’s program. It has some funds that have done very well through the years. I am not the kind of person that needs unlimited investment options…that causes me to get overwhelmed.
This post was edited on 12/31/25 at 9:42 pm
0
Posted on 12/30/25 at 7:34 pm to H2A2
Do *not* leave under the sponsorship of an old employer (do you want to deal with your old HR department? I thought not.) I wouldn't even advise moving it to the new employer (I don't know how bad your options are at either, but ADP managing my retirement seems pretty distasteful.) I used to roll all mine into USAA IRAs when I left a job, because I was usually under an employer that required access to everything I invested in for conflict of interest checking.
I moved everything to Schwab years ago, and using their AI investor, I'm getting about 20% returns a year. Sometimes it trades multiple times a week, sometimes it doesn't trade for months. Because of the funds it allocates, my expenses are miniscule, and very on par with company sponsored Fidelity or other 401k options.
I moved everything to Schwab years ago, and using their AI investor, I'm getting about 20% returns a year. Sometimes it trades multiple times a week, sometimes it doesn't trade for months. Because of the funds it allocates, my expenses are miniscule, and very on par with company sponsored Fidelity or other 401k options.
Posted on 12/31/25 at 1:18 pm to KWL85
Are you able to still input more money into that account or no since leaving employer
Posted on 1/1/26 at 1:22 am to saderade
quote:
, it appears that the pro-rata rule is applied per individual, not per household, even when filing jointly
Correct.
All retirement account rules are based on individual, not joint.
Posted on 1/1/26 at 11:23 am to H2A2
Fidelity is low cost. Why move it out if there?
I can see switching to a self directed setup. But they can probably do that for you without buying or selling anything.
I use Vanguard a lot. My former employer used Vanguard also, so I have access to the same funds but at a lower expense ratio. I don’t see the point in switching. I can see my old 401k right there on the dashboard with everything else.
I can see switching to a self directed setup. But they can probably do that for you without buying or selling anything.
I use Vanguard a lot. My former employer used Vanguard also, so I have access to the same funds but at a lower expense ratio. I don’t see the point in switching. I can see my old 401k right there on the dashboard with everything else.
This post was edited on 1/1/26 at 11:31 am
Posted on 1/3/26 at 8:34 am to H2A2
quote:
Are you able to still input more money into that account or no since leaving employer
No. I have an IRA for new deposits.
Posted on 1/4/26 at 8:37 am to H2A2
Rolling over a 401k can “cost you money” in some cases. Some plans require the funds to be converted to cash so that a check can be cut to the new custodian. The cost (or benefit) results from the time you’re out of the market. This happened to me last April. I had some money left in an old 401k that I moved into an IRA elsewhere. They cut a check payable to the new custodian, that money was out of the market for about 2-3 weeks. I was lucky because the market took a dive during that time.
That being said, you might be ok since your old 401k is at Fidelity. If you’re planning to rollover to a Fidelity IRA, they may be able to do it in-kind and do it instantaneously. Even if you don’t want to keep it in Fidelity, it’s possible their rules will allow for in-kind transfers elsewhere, however if you’re in institutional funds it could cause the problem I mentioned above.
That being said, you might be ok since your old 401k is at Fidelity. If you’re planning to rollover to a Fidelity IRA, they may be able to do it in-kind and do it instantaneously. Even if you don’t want to keep it in Fidelity, it’s possible their rules will allow for in-kind transfers elsewhere, however if you’re in institutional funds it could cause the problem I mentioned above.
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