[Aleli]

My 401(k) account is with Fidelity. I need to move it to an IRA and plan to invest in FSKAX. Should I move my 401(k) to VTSAX? I also have my personal investments in VTSAX with Vanguard.

[Michelle]

If you are already with vanguard and would prefer to simplify and keep your money there, nothing wrong with rolling over to vanguard. If you also like fidelity and don’t mind being at 2 places, then fidelity is perfectly fine too.

Just don’t buy vtsax from vanguard and you’re good.

[Jule]

What’s the rush to move it? If it’s well invested, you can leave it as is.

I always prefer to roll it to the new job’s 401K as we contribute to the backdoor Roth IRA.

[Michael]

Depends on what you want to do. If you want to keep an account at Fidelity, you can invest in FSKAX or VTI without a transaction fee.

VTSAX will incur a fee unless you roll the entire thing to Vanguard. It’s really six one, half dozen the other.

There aren’t enough differences between, FSKAX, VTI, and VTSAX to worry about.

Don’t miss: I am at a Director level at a Fortune 100 company – BUT I’ve been looking at roles at other companies

[Sean]

Generally, it’s not recommended to roll to an IRA.

But if you are positive that you will never make too much money to contribute directly to a Roth IRA and therefore have to do a backdoor, it could be a good option.

[Author]

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