YoungSaver
Recycles dryer sheets
- Joined
- Mar 5, 2012
- Messages
- 203
My company is changing 401(k) providers and we are being forced to move our money to the new provider. My benefits team tells me we are allowed to do in-service rollovers with no age requirement. I'm thinking about rolling my 401(k) over to an IRA with Fidelity.
I see that I will lose protections to the money if I am sued.
Another thread in here states that the fees may be lower in a 401(k) account as opposed to a retail account. But Fidelity does not charge fees, right?
This seems like a no-brainer to me, get out of my sub-par 401(k) and into an IRA that I can control. What am I missing here?
I'm 39 years old and my 401(k) balance is 350k which is about 60% of my net worth.
I see that I will lose protections to the money if I am sued.
Another thread in here states that the fees may be lower in a 401(k) account as opposed to a retail account. But Fidelity does not charge fees, right?
This seems like a no-brainer to me, get out of my sub-par 401(k) and into an IRA that I can control. What am I missing here?
I'm 39 years old and my 401(k) balance is 350k which is about 60% of my net worth.