What are the benefits of rolling over a 401(k)? I have retirement accounts from previous employers: a 401(k) and a 403(b). What are the pros and cons of rolling them over to the same institution where my current 401(k) lives?

The accounts Kade mentioned are an old 401(k) and 403(b), and now he has a new 401(k) at his current employer. Should he leave them be, or roll them over?  They also mentioned...

...another point: he's considering an IRA rollover at the same institution as his current 401(k). Did you hear that? I didn't hear that, but wasn't that the last part of the question? Well, he asked...

...what are the pros and cons of rolling these accounts over to the same institution? Yes, we didn't specify an IRA. Maybe it's about IRAs specifically, but that's not what I saw. Many people face this decision: we change jobs, move to a new role, and have this old 401(k) left behind. We decide what to do with it. We really have four options, but...

...it's not really four options because I'm going to eliminate one: we don't cash it out. Cashing out your 401(k) means paying ordinary income taxes and a 10% penalty. So then you ask...

Question: Okay, well, what can I do? Well, I've really got three things I can do: I can leave it where it is, at the current institution, under the current structure; I can roll it into the new 401(k), new provider, and invest there; or I can

roll it over into an IRA. I can just open up a rollover IRA and roll it into there. So, when I have those three options that I get to choose from, how do I decide which one I should do? First of all, you also need to make sure you have enough

in the old 401(k). They don't automatically just distribute it to you; they take away your choice. So, do a little research on that. But always, you have to do the research, do the homework: How good are the investment options? What are the administrative costs within the

plans? And if you figure out that your new plan is just as good, if not even better, I don't see any problem with you rolling it into the new 401(k), because that still allows you, especially if you're higher income, to continue to do backdoor

Roth contributions. Um, but if you find that your old 401(k) is bad, your new 401(k) is bad—probably set up by the golf buddy of your company owner—and you just, like, I just do not love this is where this is going to hold the majority

of my retirement assets—that's when probably an IRA rollover does kind of stand out, because you control who you work with, what you get to invest in. But you've got to do the work; you've got to figure out—that's why we do—if you go to

money.com/resources. We actually have a really good resource to help you go through a decision matrix on whether you should keep the money where it is. Because maybe you work for, or previously worked for, a Fortune 500 company and have a really low-cost 401(k),

I don't want you rolling it over just for the sake of consolidation to your new plan if it's a bad plan. Right? You've got to do the research to know if it's good, and I don't want you immediately, automatically going into an IRA

rollover at your favorite institution because you might be cutting off certain planning opportunities. So you've actually got to—don't skip leg day—do the homework and actually go through our worksheet that we've got on money.com/resources. I think one thing that often

gets overlooked is people think, 'Hey, I've got this 401(k) plan or this 403(b) plan; I'm not paying any fees on that.' No, man, that's not true. Uh, all retirement plans do have some fees. So even when you're assessing,

don't just look at the investment options and don't just look at the institution; look at the actual fees you're paying. You can pull the 404(a) disclosure, or often there's a 408(b)(2) disclosure. You can ask for those

from your HR department and they'll walk you through what fees you're paying on this retirement account. You want to compare the old one to the new one because if you can save money on fees, that's more money that's going to

Stay in your back pockets; that's another thing to assess as you go through this investigation.

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초기 질문: 401(k) 및 403(b) 롤오버 옵션

401(k) 및 403(b)를 현재 401(k) 기관으로 이월하는 경우의 혜택에 대해 문의하세요.

관련 계좌에 대한 설명: 기존 401(k), 403(b), 신규 401(k).

IRA 이월 고려에 관한 질문 확인.

세금 과태료로 인한 현금 인출을 제외한 네 가지 옵션에 대해 논의합니다.

세 가지 주요 롤오버 옵션 및 의사 결정 요소

세 가지 옵션이 제시되었습니다: 계좌를 탈퇴하거나, 새로운 401(k)로 롤오버하거나, IRA로 롤오버하는 것입니다.

기존 401(k)의 충분한 자금과 투자 옵션 및 관리 비용에 대한 연구의 중요성.

특히 고소득자에게 비슷하거나 더 나은 옵션을 제공하는 경우 새로운 401(k)로 전환할 것을 권장합니다.

기존 401(k) 플랜과 신규 플랜이 모두 만족스럽지 않은 경우 IRA 롤오버를 고려할 것을 제안합니다.

의사 결정을 위해 철저한 조사와 money.com/resources와 같은 리소스를 사용하는 것을 강조합니다.

계획 기회를 놓칠 가능성을 방지하기 위해 자동 롤오버에 대한 경고.

은퇴 플랜에서 자주 간과되는 수수료에 대해 알아보세요.

404(a) 또는 408(b)(2) 공시를 사용하여 기존 요금제와 새 요금제 간 수수료 비교의 중요성.

퇴직금 증가에 따른 수수료 절감에 중점을 둡니다.