Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Secure 2.0: Retirement Portability

edited February 11 in Other Investing
Secure 2.0: Retirement Portability

Secure 2.0 requires retirement plan (401k/403b) portability for small accounts ($1-7K; limit adjusted) into another job's plan or Safe Harbor IRAs (also, Automatic Rollover IRAs). Plan balances under $1K can still be cashed out – those can be rolled over into IRA or spent (paying 10% penalty & taxes). PSN enables auto-portability for fees (5% of balance up to max $30) & its current members include Alight, Vanguard, Fidelity, Empower, TIAA, and Principal.

Edit/Add: The entire legislation isn't new. But Secure 2.0 changed the limits and provisions that make auto-portability possible.


Sign In or Register to comment.