Author Topic: Roll over old 401K - Option to put in 401(a) or IRA?  (Read 1173 times)

MVal

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Roll over old 401K - Option to put in 401(a) or IRA?
« on: October 29, 2015, 08:09:38 AM »
If you were about to get a government job and had the option to roll your old 401K into a new 401(a) account, would you rather do that than put it in an IRA? Advantages or disadvantages to both?

MDM

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Re: Roll over old 401K - Option to put in 401(a) or IRA?
« Reply #1 on: October 29, 2015, 07:41:37 PM »
The TSP (if that is what you will have access to) has extremely low institutional fees for some funds, and is thus a great option.  Keeping money out of a tIRA is good if you want to do back door Roth contributions.

MVal

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Re: Roll over old 401K - Option to put in 401(a) or IRA?
« Reply #2 on: November 02, 2015, 03:54:26 PM »
The TSP (if that is what you will have access to) has extremely low institutional fees for some funds, and is thus a great option.  Keeping money out of a tIRA is good if you want to do back door Roth contributions.

This would actually be for a state job, so I'm not sure if they have TSPs. Might only be federal employees, I don't know.