I would like some advice, and my apologies in advance if this is an inappropriate post.
I have two separate 401k accounts from previous employers with over 10k each, the last time I checked.
I left my last employer two years ago to go back to school full time and I'm afraid I might be slowly losing my accounts to fees, nor do I really see a benefit to having these funds in separate accounts that in no longer paying into, but I don't know much about this stuff.
I had plans to roll both of these accounts into an IRA, is this my best move? What's the easiest way to do this if so? Should I get in contact with an IRA manager first to get the necessary paperwork?
If it's relevant, I'm 31 with a small savings in case of emergencies and currently living frugally off of separate savings while I finish a degree in computer science. School is paid for with mostly grants and the remainder in government loans.
Is an IRA my best move? Should I leave the funds where they are? I expect to pay taxes on the roll over, is this correct?
Thank you!
Submitted June 05, 2017 at 05:19PM by ta_401 http://ift.tt/2rMDS1C
