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People younger than 30, what advice would you give to people over 30? (lemmy.ml)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 4 months ago

I've "rolled" a couple 401ks into a Vanguard account. Just set up a Vanguard traditional IRA (or Fidelity is good too) and follow their instructions. In both my cases my old 401k admin sent me a check and I forwarded it to Vanguard within a certain time frame. If you don't know what fund to choose just pick "Vanguard Target Retirement XX" for whatever year you turn retirement age (Fidelity has equivalents).

The reason I say Vanguard or Fidelity is because they have rock bottom fees and also they are huge so they've worked this out with basically everyone.