Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Where to roll over my 401(k)
Old 05-13-2018, 06:27 AM   #1
Dryer sheet wannabe
 
Join Date: Feb 2016
Location: hebron
Posts: 17
Where to roll over my 401(k)

I am ready to roll my 401(k) out of my previous employers plan due to high fees and limited investments. I have about 50% of our investments already in Vanguard and wanted opinions on whether to put my 401(k) into Vanguard or another broker. Primarily concerned about whether I should put all my "eggs" in one basket or split them up.

Comments?
__________________

davidbeitz is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-13-2018, 07:14 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,458
I have all my eggs at Vanguard... easier to watch them. YMMV.
__________________

__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Old 05-13-2018, 07:35 AM   #3
Full time employment: Posting here.
 
Join Date: Jul 2009
Posts: 714
I’m split between Vanguard and Fidelity.

Frankly, I’m still with Vangaurd because of the great things they motivated other investment companies to do - they changed the behavior of many!

I find the interface, and the Fidelity online tools for planning to be very helpful ...and, their fund offerings are broader and many index funds now the same cost as Vanguard. They are also easier to deal with in almost every regard.
stephenson is offline   Reply With Quote
Old 05-13-2018, 09:45 AM   #4
Thinks s/he gets paid by the post
Cobra9777's Avatar
 
Join Date: Jul 2012
Location: Texas
Posts: 1,982
I agree with pb4... easier to watch in one place. Risk is minimal.

I keep all the eggs at Fidelity. We own a mix of Vanguard and iShares ETFs. Best of both worlds, IMHO.
__________________
Retired at 52 in July 2013. On to better things...
AA: 55% stock, 15% real estate, 27% bonds, 3% cash
WR: 2.7% SI: 2 pensions, some rental income, SS later
Cobra9777 is offline   Reply With Quote
Old 05-13-2018, 10:14 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 8,262
I'm split between Fidelity and Vanguard. A lot of my career was in IT in the financial services industry. I'll never trust just one provider. I don't think they'll lose your money but it might take a while to get to it.
MRG is online now   Reply With Quote
Old 05-13-2018, 11:03 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: NC
Posts: 14,218
We’ve got everything at Vanguard and I’m fine with that. I’ve done business long term with Fidelity (our portfolio formerly when I traded individual stocks) and Schwab (my 401k formerly) and if I was splitting our portfolio, they would be the only others I’d be comfortable with.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 45% equity funds / 30% bond funds / 25% cash - radically changed Nov 2018
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 05-13-2018, 11:59 AM   #7
Full time employment: Posting here.
UnrealizedPotential's Avatar
 
Join Date: May 2014
Posts: 970
No opinion on what to do with your 401k or where to move it. Regarding having investments in one place or several or more, I guess it is a matter of opinion and tastes. I have my investments in three different brokerages. Each offers something a little different and depending what I want determines where I have the money.

It is a little harder to keep track of three different places for your money than one of course. But to me it's worth it.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
UnrealizedPotential is offline   Reply With Quote
Old 05-13-2018, 12:08 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 13,911
Im split between VG and Fido; my for employers were both with Fido, so stuck with them. Have had no issues/troubles with either. One thing to consider is if youd reach a higher perk level by putting all eggs in one basket.
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 05-13-2018, 12:21 PM   #9
Thinks s/he gets paid by the post
mpeirce's Avatar
 
Join Date: Feb 2012
Location: Columbus area
Posts: 2,186
Personally we keep chunks of our assets in Vanguard, Fidelity, and Schwab. Part of this is (honestly) inertia - the Schwab IRA was previously a Schwab 401(k), likewise with the Fidelity IRA.

Still, it seems prudent to spread out a bit. Use different account names and passwords at each company. Eggs in baskets and all that.

I don't see much difference between the companies really. They all offer cheap index funds (yay competition!), and decent web interfaces. Maybe I've been lucky, but I've yet to encounter a problem with any of them.
mpeirce is offline   Reply With Quote
Old 05-13-2018, 08:44 PM   #10
Thinks s/he gets paid by the post
Red Badger's Avatar
 
Join Date: Jan 2017
Location: Piedmont Region
Posts: 1,819
I believe that John Bogle should be elevated to sainthood. While our modest stash is at FIDO (straight rollover from 401K), our low index fees were the result of Bogle. God bless him!
__________________
Never let yesterday use up too much of today.
W. Rogers
Red Badger is online now   Reply With Quote
Old 05-13-2018, 08:58 PM   #11
Recycles dryer sheets
Olbidness's Avatar
 
Join Date: Jan 2009
Location: W. Galveston Bay
Posts: 263
Quote:
Originally Posted by davidbeitz View Post
I am ready to roll my 401(k) out of my previous employers plan due to high fees and limited investments. I have about 50% of our investments already in Vanguard and wanted opinions on whether to put my 401(k) into Vanguard or another broker. Primarily concerned about whether I should put all my "eggs" in one basket or split them up.

Comments?
When I left a former employer I rolled my 401K to a Vanguard IRA but then realized I couldn't utilize it until 59.5 penalty free unlike 55 for 401K. I might consider a new employer 401K to roll into if available.
__________________
The cure for everything is saltwater. Sweat, tears, or the sea.
Olbidness is offline   Reply With Quote
Old 05-13-2018, 09:14 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,737
I'm split 50/50 between Vanguard and Fido. Fidelity was very helpful in holding my hand when I rolled over my 401(k) in separating out my after-tax portion and rolling it to a Roth.
__________________
You probably mean principal not principle. Judgment only has one "e".
travelover is offline   Reply With Quote
Old 05-13-2018, 09:37 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,174
Quote:
Originally Posted by travelover View Post
I'm split 50/50 between Vanguard and Fido. Fidelity was very helpful in holding my hand when I rolled over my 401(k) in separating out my after-tax portion and rolling it to a Roth.
As Vanguard did when I rolled a 401k at Vanguard to an IRA but since the amount was only about 1300, I just had them move it to the brokerage account. This did generate a second 1099R with 0 taxable income.
meierlde is offline   Reply With Quote
Old 05-14-2018, 03:46 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,062
Quote:
Originally Posted by Cobra9777 View Post
I agree with pb4... easier to watch in one place. Risk is minimal.



I keep all the eggs at Fidelity. We own a mix of Vanguard and iShares ETFs. Best of both worlds, IMHO.


I agree! Fidelity has a better website and better customer service, and if you like you can hold 100% Vanguard funds or ETFs in a Fidelity account.
Scuba is offline   Reply With Quote
Old 05-14-2018, 05:01 AM   #15
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 2,774
I have about 3/4 at Fidelity. The rest is in my 401K still because I liked a couple options there.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is online now   Reply With Quote
Old 05-14-2018, 05:24 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
target2019's Avatar
 
Join Date: Dec 2008
Posts: 5,381
Quote:
Originally Posted by davidbeitz View Post
I am ready to roll my 401(k) out of my previous employers plan due to high fees and limited investments. I have about 50% of our investments already in Vanguard and wanted opinions on whether to put my 401(k) into Vanguard or another broker. Primarily concerned about whether I should put all my "eggs" in one basket or split them up.

Comments?
My 401(k) accounts are 29% overall.

At Vanguard we currently have over 40% of all investments.
Schwab now holds less than 10%, and I expect to add the 401(k) accounts in the future. I have very good choices in 401(k), so am in no hurry.
My reasons for going with Schwab are customer service, and of course the "all eggs" thing. The number of free, low-cost ETFs is extensive enough for my needs.
https://www.schwab.com/public/schwab...SourceETFs.asp


Schwab has a local office, too. Went their with one child to open up a brokerage, and the rep was very competent. I've called Schwab less than six times in past 5 years, and each time I got right through and had matter settled very quickly.
target2019 is online now   Reply With Quote
Old 05-14-2018, 07:43 AM   #17
Confused about dryer sheets
Hawkeye's Avatar
 
Join Date: Mar 2015
Posts: 5
I moved everything to Fidelity, banking included, and have been happy.

Easier to manage with everything in one spot. My wife is not very financially savvy, so, having everything in one spot will make it easer for her if something happens to me. I have left high level investment instructions for her. My daughter/son in law are financially savvy so they can help keep her on track.
Hawkeye is offline   Reply With Quote
Old 05-14-2018, 07:51 AM   #18
Thinks s/he gets paid by the post
 
Join Date: Aug 2013
Location: North
Posts: 2,361
IRAs with Vanguard in an IRA Rollover brokerage acnt. 401k with employer sponsored companies.

Vanguard is fairly easy to use for a newbie IMO. And plenty of investment options for a newbie as well. ETFs Index, straight stocks.

I keep 10% of my portfolio in AAPL and without the rollover, I would be behind my peers, my index and my goals. I wouldn't have had access to that Equity which I've leveraged nicely on multiple occasions.
__________________

__________________
AA (Stock/Bond/Cash ): 96.5/0/3.5% MIX (Small/Mid/Large): 25/25/50% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): ~50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
kgtest is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Solo 401(k) questions, potential tax problems(?!) and roll overs Marquette Other topics 6 02-11-2008 06:10 PM
New Retiree - Why roll over 401(k)? travelover Hi, I am... 7 04-02-2007 12:16 AM
401(k) to roll or not? mickeyd FIRE and Money 31 02-08-2006 10:34 PM
Fee to roll over a 401k to an IRA? grumpy FIRE and Money 3 09-17-2004 07:47 PM

» Quick Links

 
All times are GMT -6. The time now is 06:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×