View Single Post
      12-26-2019, 08:42 PM   #14
F32Fleet
Lieutenant General
F32Fleet's Avatar
United_States
3540
Rep
10,327
Posts

Drives: 2015 435i
Join Date: May 2005
Location: Southeastern US

iTrader: (0)

Quote:
Originally Posted by bimmer456 View Post
Quote:
Originally Posted by F32Fleet View Post
Quote:
Originally Posted by bimmer456 View Post
IRA is the way to go don't move it to your current employers 401k.
Hmm...It depends on the 401k. IMO.
You can purchase the same mutual funds in the 401k in an IRA. But you cannot purchase any mutual funds not in the 401k or individual stocks with a 401k. Seems like the IRA is better. I have unlimited free trades in my IRA. You do have higher contributions limits with 401k but that doesn't apply to rollovers, you can roll over as much as you want. (Rollover doesn't count towards contribution limits)
Ya, not a fan of that approach. I'd rather segregate 401k away from "the casino".

However, I can see why it would be advantageous for someone who is young and/or has poor investment options with the 401k of their new employer.
__________________
"Drive more, worry less. "

435i, MPPK, MPE, M-Sport Line
Appreciate 0