Hello everyone,
I quit my job (due to personal circumstances) before my 401k could be fully vested. I have now joined a new company, and am at crossroads for how to proceed with 401k/IRA. For context - I am 25 y/o, with $23k in my former employer 401k plan. My vested balance is $17k.
I have a few questions - please pardon my lack of knowledge, this is the first time I am experiencing this!
- Does it make sense to leave my previous employer-tied 401k untouched? (i.e. not roll it over to my new company's 401k)
- Is there any point at which I can become 100% vested, or will I remain partially vested for good?
- I would like to explore the IRA option in place of the new employer's 401k, as this gives me more independence. With that said, is it advisable to maintain my old 401k and an IRA alongside?
All inputs are greatly appreciated. Thank you!
Submitted September 21, 2019 at 10:07PM by SameSignificance https://ift.tt/2LEYd2p
