Also need to combine old 401ks to the new one.
seems so many people have this idea ingrained from somewhere that you contribute in your 401k up to the match only.
right jaco. The problem is that I chose the old 401k funds pre-MMM. I need to compare every option in every servicer. I'm guessing that because the old 401ks were with much bigger financial companies, then I won't be bringing them to my new 401k. But, at least I could combine the old 401ks by moving them to the best fund available in the old servicers, which would give me 2 accounts instead of 3.
DS, in conversation with coirkers and family members, that seems to me to be the norm instead of the exception.
Quote from: haflander on November 01, 2018, 02:10:32 PMright jaco. The problem is that I chose the old 401k funds pre-MMM. I need to compare every option in every servicer. I'm guessing that because the old 401ks were with much bigger financial companies, then I won't be bringing them to my new 401k. But, at least I could combine the old 401ks by moving them to the best fund available in the old servicers, which would give me 2 accounts instead of 3.Or you could rollover your old 401k(s) to an IRA at Vanguard (or wherever). They don't have to remain as 401ks.
Kind of unbelievable you can shelter over 100k with 2 incomes if the employers offer backdoor and HSA. What a great country!
...oh. I guess I have to chalk this one up to being young and dumb and not knowing anything about retirement and taxable accounts. This whole time I've been thinking, "I'll just wait until I'm eligible for the new 401k and then figure out everything with the old accounts."So, are there any kinds of restrictions or limitations on what you can do with old 401ks? You mentioned an IRA, is that because it's my only and/or best option? How about a regular old Vanguard taxable account (don't have one of these yet)? How about these "taxable events" or "taxable withdrawals" that I hear about? Definitely want to avoid that. The total of the two old 401ks is around 15k, if that matters. I'm well-versed in the funds that are best and recommended around here, but I'm not as clear with types of accounts, and what's the best for each situation or for me specifically right now. TIA!