No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have a 401k with my company at wells fargo. I have no other accounts with WF, and I was wondering if transfering the 401k to chase would be worthwhile. I presently have a single CC with chase, and the limit is my lowest card, but I have no other accounts with them.
@PoorPeatree wrote:I have a 401k with my company at wells fargo. I have no other accounts with WF, and I was wondering if transfering the 401k to chase would be worthwhile. I presently have a single CC with chase, and the limit is my lowest card, but I have no other accounts with them.
If you're happy with the investment options and returns you're getting at WF, I wouldn't transfer it. If you're not happy with the service, transferring is fine (provided your employer allows it), but you should research the options out there to find which one has the funds, manageability, and fees that are right for you.
You should not base your decision on which bank you have a CC with.
thanks iced, I didnt realize there could be many problems with attempting to transfer a 401k, i've never had one until a year ago.
@PoorPeatree wrote:I have a 401k with my company at wells fargo. I have no other accounts with WF, and I was wondering if transfering the 401k to chase would be worthwhile. I presently have a single CC with chase, and the limit is my lowest card, but I have no other accounts with them.
Just an FYI, if your company offers a 401K, you can't just switch from your company-sponsored 401K to another one, you have to participate in the plan offered to you.