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Soon 2 of my 401ks will be under 1 roof, roll them into 1?

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  • Soon 2 of my 401ks will be under 1 roof, roll them into 1?

    Recently, I received a letter from the plan admin of a former employer informing me that their 401k is going to be moved to Fidelity. the move is to be completed in July.

    Should I merge these 2 401ks?
    In fact, I'm considering rolling all my 401ks into 1 for simplified management. What's the pros/cons?

  • #2
    Depends on the funds available in each one. If your current one has good low cost funds available, then merging all into one might be fine.

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    • #3
      That used to be my thinking.
      I think I'll combine the 2 and move one out into my IRA.

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