surprising
Recycles dryer sheets
- Joined
- Feb 7, 2023
- Messages
- 117
Retiring next month at 51 and will want to transfer 401K to an IRA and have lots of questions.
I have both traditional and Roth 401K money with Fidelity, all in the same account. I really don't understand how Fidelity tracks Traditional vs Roth since it's all mixed together, but when I move to IRA I would like to have two separate accounts to track Traditional and Roth independently. Is this possible when doing the transfer?
When money is moved, will it be invested in similar investments or does it move into a cash account initially?
I have brokerage accounts with Charles Schwab and ETrade. Generally, Schwab has my risky assets play money bucket, and ETrade has my 'safe' investments that I draw from for retirement. I'm thinking of transferring the Fidelity assets to Etrade to consolidate. Any big issues with using Etrade for IRA?
Can I invest in anything in an IRA? Can I buy and write options? Are there any limits on short term trading?
I have both traditional and Roth 401K money with Fidelity, all in the same account. I really don't understand how Fidelity tracks Traditional vs Roth since it's all mixed together, but when I move to IRA I would like to have two separate accounts to track Traditional and Roth independently. Is this possible when doing the transfer?
When money is moved, will it be invested in similar investments or does it move into a cash account initially?
I have brokerage accounts with Charles Schwab and ETrade. Generally, Schwab has my risky assets play money bucket, and ETrade has my 'safe' investments that I draw from for retirement. I'm thinking of transferring the Fidelity assets to Etrade to consolidate. Any big issues with using Etrade for IRA?
Can I invest in anything in an IRA? Can I buy and write options? Are there any limits on short term trading?