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What should I do with my old 401K with high fees? Rollover to IRA or is there tax implication if I did backdoor?
What should I do with my old 401K with high fees? Rollover to IRA or is there tax implication if I did backdoor? I recently changed my job, and my current employer does not offer 401K. The 401K plan for my former employer charges $45/month record keeping fee. I obviously don't want to pay this fee anymore, so is the best course of action for me to move the money (traditional 401K to traditional IRA, roth 401k to roth IRA) to an IRA? FYI: I contributed $65...
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