u/goodathome

I have about $700k in Fidelity 401k with previous employer. I am with a different employer now.
My 401k now is invested under a target date plan.
I am over 59 and half years old now. And I want to retire at 63.
I have a few questions before doing anything real.

1. Should I convert all my money in 401k to Rollover IRA? And Why?
2. If I convert it to Rollover IRA, will there be any tax?

Any suggestion is very much appreciated.
Thank you.

I have about $700k in Fidelity 401k with previous employer. I am with a different employer now.
My 401k now is invested under a target date plan.
I am over 59 and half years old now. And I want to retire at 63.
I have a few questions before doing anything real.

1. Should I convert all my money in 401k to Rollover IRA? And Why?
2. If I convert it to Rollover IRA, will there be any tax?

Any suggestion is very much appreciated.
Thank you.

I talked to a Fidelity financial advisor and she is recommending me to enroll my 401k to Fidelity Wealth management plan which has around 1% fee. My 401 k right now is in target date plan.

Can anyone please advise me pros and cons? How is your experience, etc?

Thank you

I have 401k with Fidelity and I want to convert some of it to Roth as I am over 59 1/2. Can anyone advise me how to do it?