Aiming_4_55
Thinks s/he gets paid by the post
Well, I'm starting to think about FIRE or Semi-Fire and it's time to consolidate 401ks to make life simpler for me and those that might receive it in the future.
I've been lazy and kept all my former 401k accounts, about 6 of them. They are either in Target 2030-2035 funds of S&P500. Expenses seem to be reasonable.
I will turn 55 this year and started a new slowdown job with kids still in school or OMY. My new employer 401k is in Fidelity and I believe have the ability to withdraw upon termination at 55 or older.
- Should I rollover my previous employers 401k to my new employer? Will all balances have access at age 55+? I'm looking to work 2 - 3 more years.
- or Should I just Rollover to Fidelity or Vanguard IRA?
At this point, I do have access in cash or taxable funds in other accounts to fund retirement if I retire in 57 (to about 62), so I probably don't need access until 62 or later.
Thoughts?
I've been lazy and kept all my former 401k accounts, about 6 of them. They are either in Target 2030-2035 funds of S&P500. Expenses seem to be reasonable.
I will turn 55 this year and started a new slowdown job with kids still in school or OMY. My new employer 401k is in Fidelity and I believe have the ability to withdraw upon termination at 55 or older.
- Should I rollover my previous employers 401k to my new employer? Will all balances have access at age 55+? I'm looking to work 2 - 3 more years.
- or Should I just Rollover to Fidelity or Vanguard IRA?
At this point, I do have access in cash or taxable funds in other accounts to fund retirement if I retire in 57 (to about 62), so I probably don't need access until 62 or later.
Thoughts?