I left my job in the middle of October, and I need to know what to do with the 401k at that company. I am fully vested, and the fund has around $42,500 in it. It is invested with Vanguard. 65% invested in VILVX, 20% invested in VINIX, and 15% invested in VTIAX. My new employer uses Vanguard for their 401k as well, but from what I can tell, they don't have the best fund options to choose from. The 5 with tickers are VTMNX, VEMIX, VIEIX, VBTIX, and VIIIX. Then the other options are all named Aon Index 20xx Retirement Solution Class S.
So this leads to the question in the title, what should I do with my 401k from my previous employer? With my new salary, my wife and I are going to start maxing out our Roth IRAs every year, but as we sit now they don't have much money in them. Should I just roll my 401k over into my Roth IRA and just eat the tax penalty on it right now? Should I roll it over to my new company's 401k even though the plans I can choose from are a little more lackluster? Should I create a Traditional IRA account and roll it over into that to avoid any taxes on it? Is there another option that I haven't considered that you would recommend?
Submitted November 04, 2021 at 09:47AM by VagVandalizer69 https://ift.tt/2ZQGAqx
