Gianstoppable wrote:MickeyDavis wrote:Gianstoppable wrote:Looking for suggestions on 401k advice. My employer was bought out earlier this year, the new owners offer an IRA that is separate than our 401k and Roth that we previously held. I just recieved in the mail a notice for 60 days ( really 30) notice to transfer funds.
Basically my question is what is the best route to go for this? I have started a new IRA with work and it finally kicked in last payday. I've looked at TD Ameritrade and other apps but wanted some other feedback. I have until October 11th to transfer or schedule an extension.
Your new employer offers an IRA instead of a 401k? With what company is it with? What happens if you do nothing, does your old 401k transfer to your new IRA? When I've left jobs I've rolled my old 401k into IRA's. I have accounts with both Vanguard and Fidelity. Both are good but I prefer the Fidelity app. My current 401k is with Fidelity.
Yeah IRA instead of 401k, they also only match yearly which sucks. I believe the IRA is through Stifel? If I do nothing it rolls into an IRA with Principal financial
I have no experience with Principal, you can check out their app and see what funds they offer and if they offer stocks. I'm assuming they offer the full array of choices.