I'm single, 27, and was laid off late last year but was lucky enough to find a new job in March. I have retirement accounts scattered about in various places, which will only get worse once I am elligible for my new employeers 401(K) plan after 90 days here. I know I can leave the 401(k) as is, but I'm considering moving it over to the Vanguard IRA. Simplicity in tracking/managing investments, fewer forms at tax time, as well as the outstanding service I have had with Vanguard are the driving factors.
I do most of my checking/savings with ING, which is the firm that my new employer uses to manage 401(K) accounts. I could also move the old 401(k) there, for most of the same reasons listed above. My only reservation is that I have heard that their selection of funds is low, and carry high fees.
So . . . what would you do? Leave everything as-is? Consolidate . . . into which account?
I do most of my checking/savings with ING, which is the firm that my new employer uses to manage 401(K) accounts. I could also move the old 401(k) there, for most of the same reasons listed above. My only reservation is that I have heard that their selection of funds is low, and carry high fees.
So . . . what would you do? Leave everything as-is? Consolidate . . . into which account?
- Vanguard Roth IRA: ~$6,000 (activley contributing)
- Vanguard Traditional IRA: ~$50 (not activley contributing, from a previous roll over)
- JP Morgan 401(K): ~$25,000 (previous employer)
- ING 401(K): $0 (cannot contribute until the end of June)
Comment