Sign up, and you'll be able to customize your font size and more! Sign up
Nov 1, 2024
7:11:34am
Brute66 Contributor
Moving 401k - better to go to new employer’s 401k or convert to IRA?
I have the opportunity to move a 401k as I join a new employer. I recently learned you can move them to an IRA or into the new employer’s 401k. I know how the 401k to 401k transfer works and I don’t have any questions about that.

What are the benefits of rolling to an IRA? Most of my account is already a Roth 401k (probably 80%) but I suppose I could get the tax out of the way for the other 20% if I converted it to a Roth IRA? Other than that it seems like I’d just be going from Roth to Roth and maybe have more control over the fund?

For context my new employer uses Fidelity, if that makes any difference.
Brute66
Previous username
BruteSquad
Bio page
Brute66
Joined
Jul 18, 2016
Last login
Nov 1, 2024
Total posts
463 (0 FO)