I am being laid off from my job tomorrow. I have an employer-sponsored 401k worth about $35k that is managed by Wells Fargo Retirement. I have enough cash in my emergency fund that I don't need to worry about withdrawing from my 401k.
Is my 401k ok to just sit with Wells Fargo even though I'm no longer employed by the plan's sponsor? If I need to roll it over, do I roll it into an IRA? Roth IRA? Solo 401k? How do I do that? Where is the best place to roll it over to?
If it matters, I'm 30 years old.
Submitted July 31, 2018 at 01:01PM by bateneco https://ift.tt/2O1q6jJ
