For the past few years, I have been self employed and dumping 1K / month (15% of gross income) into retirement with my friends firm into a SEP 401K. As of this month, it's at ~30K.
Starting Monday, I am getting a corporate job that matches 5% retirement after 3 months of employment. They use Fidelity. My wife has a 401K with ~80K in it with her job.
Two questions:
- Do I move my contributions to 10% with my friends firm and 5% at my corporate job for the matching benefit? Or move the whole 15% to my corporate job and that's it?
- Do I move my 30 + my wife's 80 into one account (say the Fidelity one above) - would that cause my nest egg to grow faster?
Thanks!
Submitted August 01, 2020 at 09:39PM by CornerPreacher https://ift.tt/3hZbwrK
