Thank you both for the thoughtful responses. Yes, currently gainfully employed and will have a retirement account option with this new employer available to me soon. I will compare fees between the two options and the legwork. Then decide whether to rollover to the new employer account or simply keep it at TIAA. Based on opinions seems like simply opening some type of account within my personal Vanguard brokerage is either not possible or would cause issues with the Roth Backdoors we tend to do each year. Thanks again all.Your options are:
1. Traditional or rollover ira which would interfere with backdoor roth
2. Roth ira which would be taxable and if you are in an income situation requiring backdoor probably a bad idea
3. Regular brokerage which would be taxable and penalty if under 59.5 and the worst choice
4. Solo 401k which would be good if you had self employment income that would justify it
I would look into the suggestion above and roll into the existing plan at a new job if you have one or just leave it where it is if it's a good plan and quit getting too worried about consolidation.
Statistics: Posted by orygunboxer — Thu Mar 21, 2024 10:15 am — Replies 3 — Views 293