transferring 401K to an ESOP(new Employer)
Here's the skinny:
I left my old employer in CRE and all of my 401K(Roth and pre-tax funds) are in Fidelity. My new employer's plan(Principal) only does ESOP and pre-tax 401K, no ROTH contributions. However, the new employer does not accept ROTH rollovers. Contacted Fidelity and i have two options: keep all of my 401K with them previous employer or transfer the lump sum somewhere else. My question is:
- Do I leave all of my 401K with the old employer at Fidelity?
- Do i move all of the funds to a vanguard instead?
- Do I open an IRA with fidelity and transfer the funds to the new account?
u/Dry_Researcher1635 — 7 days ago