Okay, so a quick review on what's going on.
I started my first job, which happened to be at a Fortune 100 company, when I was 20. They automatically signed you up for their 401k unless you opted out. Needless to say, I was smart enough at that point (scary, actually, because I wasn't very financially savvy at 20 years old) to be putting in 6%, getting the companies 3% match. I worked there for 5 years, and have 30k sitting in that 401k.
I have since, as of two years ago, moved jobs and have a 401k through my place of employement. My old 401k is through Fidelity, and I'm curious on what people think I should do with it. It is fine sitting there, earning money on it's interest, but I'm not contributing to that any longer as our new 401k plan is through a different company.
So, do I roll it over into my current 401k? Or roll it over into something else?
Also, I have no idea how to complete the rollover process - obviously, I'll just have to call and get some answers about that, but I'm looking for some advice here. I know most MMM guys/gals are huge Vanguard fans, with good reason, so I was thinking maybe roll it to a Vanguard account, but I'm not sure what the rules are, or what type of investment I need to roll it to to not get penalized.
Thoughts?