Thanks for your opinion
Lots of good suggestions for those retiring to think about!! Good post and comments
All in crypto.
Kept 401k at Fidelity. No rollover yet. Can do that any time.
Rolled the pension lump sum into rollover ira at Fidelity. I'd rather invest myself and avoid possibility of it being sold to Athene.
Kept HSA invested at Fidelity. My new company doesn't offer one but I still qualify so I contribute via regular bank transfers.
No reason at this point to leave Fidelity as they offer pretty much everything and I'm familiar with their site.
Check your 401k and how much is invested in T stock from the match. You don't want to put all your faith there.
I did the following. No regrets so far.
Best of luck to you.
I rolled all my stuff to cash in one thousand dollar bills.
I bought a pet monkey, a 85” oled tv, and a few other items.
That is all.
Congratulations to you.
“Take the cash and hide it away somewhere safe - home safe, basement toolbox, etc. “
I assume this is a joke. Either leave it alone or roll it over to someone who you trust. If you literally take the cash, tax consequences are huge and can take a large bite of the money
you don't have to move your money anywhere if you don't want to. watch out for those financial advisers, they're a bunch of snakes.
I sold all stocks then moved the funds to a Fidelity rollover IRA. You could re-invest in the stock market or park it in the money market. SPAXX pays monthly dividends. Your lump sum could also be paid for life in an annuity if you’re young and plan on living a long time like most of us. The lump sum needs to be moved to a tax sheltered account and you could call a Fidelity advisor for more information. I always think the advisors want a piece of your funds but I could be wrong.
Regarding 401K rollover to IRA, as mentioned previously, Rule of 55 (if you are <59 1/2 and need the money now) is a critical consideration.
Another less often discussed consideration is checking what sort of liability protection your State offers for 401K vs IRA (in case you get sued). Some states protect your 401K better than IRA so you may want to take that into consideration all things being equal.
Good Luck
I rolled over my 401k and pension to an ira. Stayed with Fidelity. HSA kept as is and continue to use it as needed.
Take the money and put it into cryptocurrency. Get rich, guaranteed.
Fidelity is the place to be. You may think Vanguard is an option, but Vanguard service is nothing like Fidelity. You can choose index funds with little commission and leave it at Fidelity. Or whatever choice of funds you want.
To @lhi+1uwnPtoZ
They aren't asking for advice. They clearly state looking for an opinion. Don't be so dense!!
Take the lump sum and roll it into a rollover ira where you have the majority of your investments and move your 401k there too. All tax free by broker to broker. Leave your HSA at fidelity. Good luck
Take the cash and hide it away somewhere safe - home safe, basement toolbox, etc. Don't trust AT&T or their banks. They will steal it from you.
Do you really think that this is right forum for a sound financial advice?
If you are 55 and over and need the money to live on you can use rule of 55 to take distributions from your 401k without the 10% penalty instead of waiting to 59 1/2. If you roll it to an IRA you will loose that option. I retired at 57 and used the money from the 410k to live on. Took the lump sum and rolled it into an IRA at Fidelity. I have another account that is Managed by one of the big firms and just mirror what they do with my IRA and save the 1% fee that they charge. Good luck!