• MoonMelon@lemmy.ml
    ·
    4 months ago

    I've "rolled" a couple 401ks into a Vanguard account. Just set up a Vanguard traditional IRA (or Fidelity is good too) and follow their instructions. In both my cases my old 401k admin sent me a check and I forwarded it to Vanguard within a certain time frame. If you don't know what fund to choose just pick "Vanguard Target Retirement XX" for whatever year you turn retirement age (Fidelity has equivalents).

    The reason I say Vanguard or Fidelity is because they have rock bottom fees and also they are huge so they've worked this out with basically everyone.

    • propter_hog [any, any]
      ·
      4 months ago

      Fidelity is good, but Vanguard has lower fees. Stick in all in their S&P 500 index.