pull down to refresh
Oh right, so you'd have to keep doing this switcheroo to unchained every year? (Unchained isn't a 401k provider, basically, but can hold it eventually)
reply
It's an IRA, so there's other ways to contribute money to them. I wouldn't doubt if some companies allow you to directly contribute, but I'm not sure.
In order to get a 4% match though I have to use my companies 401k provider, and I'll do the switcheroo whenever they allow.
If they don't allow it, then I have to decide if giving up what is essentially a 4% raise is worth just buying bitcoin instead.
reply
Tricksy stuff
reply
So how the 401k works is I contribute every week, and my company matches a small % I was putting in 9% of my wages and the company matched 2%. My company got sold and the new company has a different 401k provider.
Everyone who has a 401k with the old company has to have their old one disbursed. I assume the majority will roll it over into their new 401k. I decided to roll the balance into unchained.
Going forward, I have the option of starting a new 401k, which I might , because I can get a 4% match if I do a 6% contribution. What i need to do is find out if the new company allows you to roll over your 401k (not all companies do) and if so, ill probably do it annually.