ST Alpha - "awesome. i need to get one opened. Fidelity ok? I have a 401k with them.. also, should I be rolling my old 401k into something?" (Reading a Post)

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In response to "yes. -- nm" by Diva

awesome. i need to get one opened. Fidelity ok? I have a 401k with them.. also, should I be rolling my old 401k into something?

Posted by colin (aka colinski) Oct 30 '13, 09:40

i imagine when i leave this company, i'll have another that needs to be rolled in to something....

i'm bad at this. i really should be better, but i am putting money in.

Responses:

Depends. You need to compare fees and investment before doing so - decline Oct 30, 09:56 4
- Old 401k doesn't cost me anything (that I can tell) and it's got a good set of investments available. - colin Oct 30, 10:02 3
  - ytd is not what to look at. You need to look at your Annual Fee Disclosure (it's also called the 404(a)-5 disclosure). - decline Oct 30, 10:05 2
    - continued: Plans often have access to better funds than you can get at the retail level - example inside - decline Oct 30, 10:12 1
      - ah, ok. that's good info, i didn't know that. -- nm - colin Oct 30, 10:39
I just switched this morning from vanguard to wells fargo. I was happy-ish with vanguard, but I *love* my WF broker so I want to give him *all* of my - peggy ann mcamanda Oct 30, 09:51 7
- I like the Vangard index funds. Fidelity seems expensive for stock accounts, but I already am holding some from the purchase plan at the last job. -- nm - colin Oct 30, 10:00 2
  - The Fidelity Index funds are not comparable for being low-cost -- nm - decline Oct 30, 10:05
  - 7.95 for stocks at Fidelity isn't too bad. There are better and worse out there. -- nm - ty97 Oct 30, 10:03
- I've got Fidelity, Scottrade, and Schwab. My etrade account still exists, but I don't use it. - ty97 Oct 30, 09:52 3
  - I love scottrade's website. it's so *clean.* -- nm - peggy ann mcamanda Oct 30, 09:59 2
    - I just signed up last month with them -- their site is okay -- their news is really weak - Will Hunting Oct 30, 10:02 1
      - I love how when you google a stock symbol, often the first result is yahoo finance. even google knows yahoo is king of free finance. -- nm - peggy ann mcamanda Oct 30, 10:04
IIRC, Fidelity scored abysmally on HRC's benefit guide for same sex couples (buy my 401K and a personal portfolio are with them) - ty97 Oct 30, 09:49 4
- reminds me, I've got a small amount in a fidelity 401(k) from a previous job, I should probably do something with it. -- nm - znufrii Oct 30, 09:50 3
  - and once I get my new job, I'll need to figure out what to do with my current 401(k) as well... -- nm - znufrii Oct 30, 09:52 2
    - wait until you get a new job and roll over current and old at once. -- nm - peggy ann mcamanda Oct 30, 10:17 1
      - yup -- nm - znufrii Oct 30, 10:26
sure. and roll the old 401K into it. -- nm - Diva Oct 30, 09:47 1
- well, just keep in mind if you do that, you may not be able to then roll the 401(k) money back out to another plan - decline Oct 30, 09:55
Get as much free money as you can. Usually this means taking advantage of employers' 401(k) match. - nubby Oct 30, 09:46 13
- current employer matches $1.33 for every dollar in up to 6%.. i'm maxed there. the old 401k still is making money, has investment choices - colin Oct 30, 10:03 1
  - I would really just roll it over to save the hassle of logging in and checking, managing two accounts. - peggy ann mcamanda Oct 30, 10:06
- Hijack. Say I give 4% more than my employer match percentage to my 401K. Should I put that 4% in a Roth IRA instead? -- nm - ty97 Oct 30, 09:47 10
  - It really depends - same thing as I said above about fees and investments - decline Oct 30, 09:58 3
    - 97, decline is a tax professional and is saying mostly what I said. -- nm - peggy ann mcamanda Oct 30, 10:03 2
      - well more of a retirement professional - decline Oct 30, 10:15 1
        
        sorry. "97, decline is dollar sexy and is saying...." better? -- nm - peggy ann mcamanda Oct 30, 10:17
  - It depends on the conditions of the 401(k). Put your money where it will (a) grow the best and (b, if there's a tie) be as liquid as possible. -- nm - nubby Oct 30, 09:52 4
    - I have a very good 401K program, many options, low costs. - ty97 Oct 30, 09:55 2
      - you won't get much better investments choices than you have in your 401k -- nm - decline Oct 30, 10:00 1
        
        and I mean your employer specific one (not 401k in general) -- nm - decline Oct 30, 10:06
    - Personally, the state operates on fixed-contribution, so I have zero choice. -- nm - nubby Oct 30, 09:53
  - I think yes, as you know. but I think it might depend on how aggressively you manage to your AGI. -- nm - peggy ann mcamanda Oct 30, 09:50

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awesome. i need to get one opened. Fidelity ok? I have a 401k with them.. also, should I be rolling my old 401k into something?

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