You can't actually transfer a 401k "in kind". It will be liquidated, you get a check, and deposit to your own Rollover Traditional IRA.TRowePrice is where my employer's 401K has been. ...
If I rolled it over, I'd roll 75% of the account over "in kind" because I like the funds.
You can certainly buy the same funds again, if they are available at your new IRA provider.
I considered keeping my 401k because my employer had all zero fee funds (I worked for a fund manager who had special accounts with zero fees only for employees). But there were estate planning reasons my attorney encouraged me to move to an IRA from a 401k, which I used as an opportunity to consolidate.
As far as how many, I use 3 investment accounts like you do, with plans to eventually consolidate to 2.
I have a primary, a secondary and Treasury Direct. I really don't like Treasury Direct and plan to migrate all my holdings there to my primary and secondary brokerage accounts over time, as it makes sense in terms of taxes each year. I want convenience and TD is least convenient to deal with. I don't fee comfortable though consolidating to a single firm. Things happen, tech issues, frozen accounts due to fraud, suspected fraud etc.
Statistics: Posted by beyou — Sat May 11, 2024 12:07 am — Replies 3 — Views 313