I have a 401k and a pension balance with my previous employer (I left 3 years ago).
401k = $120,000
Pension (cash balance) = ~$50,000
I have a 401k (through Fidelity) with my current employer that has about $25,000 in it.
I have read some pros and cons of roll-overs, but I was wondering what the general consensus is here.
Do I role the old 401k into my new Fidelity one (or into Vanguard or Betterment?) Do I leave it alone?
I have a couple options with the pension balance too, I can role it to an IRA, wait until I can take monthly payments from it, (I think 59 1/2), take it in a lump sum now (get hit on fees taxes, etc)
I know some with tell me I need to figure out the expense ratios and fees of the 401ks etc, but I was wondering besides convenience and maybe saving some on fees, am I missing something significant?
Thoughts welcome, can provide more info if needed.
Also, I'm 36