I changed jobs last year and was looking at rolling over my old 401 (k) to fidelity. I currently have my roth IRA with fidelity and like the company and the website and features. I was wondering if anyone could comment who has rolled over an old IRA to fidelity would share their experience and would you recommend I do likewise. My main motivation for doing so is more investment options and having more consolidation among my investments.
Also does anyone know if I do a roll over will all my accounts be consolidated in one account or seperate for each different type, for instance, ROTH IRA will be one accont and the roll over into a different account or will they be combined as far as the investment menu and my choices. Thanks for any advice and thoughts.
Comments
Other on MFO also like T. Rowe Price and several other brokerages as well.
Fidelity makes 401k rollovers rather easy, you can do it online or talk to a representative or go to a Fidelity office if there is one nearby. They will take you through the process step by step.
Regards,
Ted
I concur with the others. Fido is one of the top 3 families (price and vg) and very easy to deal with. Fill out and sign their papers making them the custodian and let them go get the monies. Keeps it clean. I moved wifey's Roth there and you just want to make sure you have brokerage functions on your account - that way you can buy any funds from any family and any individual stocks. Check on the availability of buy OTC and some select foreign exchanges - if that might be something you're interested in. If not, save it for later.
They'll keep the account separate but you'll get one stop statements where they'll both be listed separately. Makes life so much easier.
good luck,
peace,
rono