topic The best options to rollover 401k to IRA in Personal Finance

The best options to rollover 401k to IRA

xenon3030 — Wed, 17 Apr 2024 15:00:32 GMT

I am changing my employer and I have around 180k in my 401k account with Fidelity. I plan to rollover it to one external IRA to take the ownership of my investments, buy some stocks/ETFs, and also get a good SUB.

Which brokerage do you recommend as the host for this IRA plan (traditional)?

PS: I have an IRA ME and my total asset with BOA/ME is 35k. If I do the rollover to ME, my BOA premium tier gets upgraded from Gold to Plat honor and I receive a SUB of $250. Is there a better option (etrade, Morgan Stanley, Chase, US Bank, ...)?

Re: The best options to rollover 401k to IRA

RSX — Wed, 17 Apr 2024 15:48:47 GMT

i rolled my last 401k into my USBank account IRA when i left my last company

if BOA is your main bank, and they will give you a SUB - might as well stick it with them

Re: The best options to rollover 401k to IRA

PNWRambler — Wed, 17 Apr 2024 15:56:58 GMT

This is probably one of those things where you ask 10 people and get 10 very different answers. Personally I would stay away from a bank for an IRA; banks tend to have fewer investment options and lower rates of return. Personally I like Fidelity and Vanguard. Probably two of the larger names in IRA's and I've used them both. I recently rolled my 401k from my last job to Vanguard and it was a very smooth process. I was able to put it into mutual funds that have an average rate of return of 12%+ over the last 10 years. That's worth far more than a SUB in my opinion.

Re: The best options to rollover 401k to IRA

SouthJamaica — Wed, 17 Apr 2024 19:07:33 GMT

@xenon3030 wrote:
I am changing my employer and I have around 180k in my 401k account with Fidelity. I plan to rollover it to one external IRA to take the ownership of my investments, buy some stocks/ETFs, and also get a good SUB.

Which brokerage do you recommend as the host for this IRA plan (traditional)?

PS: I have an IRA ME and my total asset with BOA/ME is 35k. If I do the rollover to ME, my BOA premium tier gets upgraded from Gold to Plat honor and I receive a SUB of $250. Is there a better option (etrade, Morgan Stanley, Chase, US Bank, ...)?

I like American Century Investments.

https://www.americancentury.com/invest/accounts/retirement-ira/rollover/

Re: The best options to rollover 401k to IRA

keekers — Wed, 17 Apr 2024 23:36:38 GMT

Fidelity or Vanguard.

Re: The best options to rollover 401k to IRA

Mdowning30 — Fri, 19 Apr 2024 19:44:01 GMT

I will recommend Charles Schwab.

Re: The best options to rollover 401k to IRA

TyrannicalDuncery2 — Tue, 23 Apr 2024 02:53:32 GMT

If you want to maximize SUB, Webull has a pretty high promo and I think you can make it higher through a referral bonus.

But I think they have very limited features, limited asset types, worse execution, and of course not as long of a track record.

Re: The best options to rollover 401k to IRA

Hansolojr — Thu, 25 Apr 2024 15:41:44 GMT

I like the Merrill option since it bumps you into Platinum Honors and boosts your BOA card setup. Use this link for an improved $350 SUB versus the $250 you have seen:

Merrill Edge $750 Exclusive Offer

@xenon3030 wrote:
I am changing my employer and I have around 180k in my 401k account with Fidelity. I plan to rollover it to one external IRA to take the ownership of my investments, buy some stocks/ETFs, and also get a good SUB.

Which brokerage do you recommend as the host for this IRA plan (traditional)?

PS: I have an IRA ME and my total asset with BOA/ME is 35k. If I do the rollover to ME, my BOA premium tier gets upgraded from Gold to Plat honor and I receive a SUB of $250. Is there a better option (etrade, Morgan Stanley, Chase, US Bank, ...)?

Re: The best options to rollover 401k to IRA

xenon3030 — Wed, 01 May 2024 17:28:24 GMT

I called ME and they said that any new money outside of BOA/ME would qualify for the SUB (they have terms for one per 12 months). They said that no new account is required and I can roll-over to my existing IRA. So, I decided to go for ME to bump up my BOA preimum rewards tier to Plat honor.

Re: The best options to rollover 401k to IRA

xenon3030 — Wed, 22 May 2024 23:57:00 GMT

I did the roll-over today to ME. There is a new cash offer of up to 1k: https://www.merrilledge.com/offers/pr1000