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The Money Mustache Community
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Learning, Sharing, and Teaching
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Investor Alley
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Old 401k rebalance
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Topic: Old 401k rebalance (Read 1074 times)
MoneyGoal
5 O'Clock Shadow
Posts: 17
Old 401k rebalance
«
on:
March 18, 2019, 11:41:53 AM »
Hi,
I have an old existing 401k.
I want to reallocate existing funds into one fund.
Can I do this without any tax implication?
Based on what I read online, seems like it is fine, but I am worried.
Thanks.
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RWD
Walrus Stache
Posts: 6611
Location: Arizona
Re: Old 401k rebalance
«
Reply #1 on:
March 18, 2019, 11:46:06 AM »
Yes, you can buy/sell within a 401k (or other tax sheltered accounts) without any tax consequences.
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MoneyGoal
5 O'Clock Shadow
Posts: 17
Re: Old 401k rebalance
«
Reply #2 on:
March 18, 2019, 12:29:38 PM »
Thanks!
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TomTX
Walrus Stache
Posts: 5345
Location: Texas
Re: Old 401k rebalance
«
Reply #3 on:
March 19, 2019, 06:36:46 AM »
Why do you want to keep the old 401k? Often 401k fees/expenses are high, especially old plans.
Why not roll it into an IRA or your current 401k?
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PDXTabs
Walrus Stache
Posts: 5160
Age: 41
Location: Vancouver, WA, USA
Re: Old 401k rebalance
«
Reply #4 on:
March 19, 2019, 09:07:40 AM »
Quote from: TomTX on March 19, 2019, 06:36:46 AM
Often 401k fees/expenses are high, especially old plans.
Is there some law of nature that old 401(k)s have higher fees? My old Fidelity 401k is great. I'm very careful not to transfer into my new Transamerica 401k which is horrible. Also, by not transferring into an IRA I allow myself to contribute to a back door Roth IRA.
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Old 401k rebalance