What to do with old retirement accounts (pay, taxes, income)

[dlleon]

I have a SDIRA from when I worked at an old partnership. My new place has a 401(k) & Roth through Fidelity.

Do I keep the old SDIRA (it's doing fine), roll it, or ??? Also, is it permissible to keep contributing to all three?

[Lowexpectations]

Originally Posted by dlleon

I have a SDIRA from when I worked at an old partnership. My new place has a 401(k) & Roth through Fidelity.

Do I keep the old SDIRA (it's doing fine), roll it, or ??? Also, is it permissible to keep contributing to all three?

Do you know the fee structure? I'd compare cost between sdira, roth at fidelity and 401k and then work towards moving to the cheapest route

[Stagemomma]

One thought for you...I once had a retirement account, but when I left that particular company, the manager of the fund sold it to another company. I did not pay too much attention to this, until I learned that the new fund manager was charging me an annual service fee. So be careful!

i considered having it sent to my Fidelity acct, but I'm not earning much right now, so I'm going to cash it in. It is only about $2000 so i'm pretty sure I can handle paying the income taxes on that in the spring.

[Lowexpectations]

Originally Posted by Stagemomma

One thought for you...I once had a retirement account, but when I left that particular company, the manager of the fund sold it to another company. I did not pay too much attention to this, until I learned that the new fund manager was charging me an annual service fee. So be careful!

i considered having it sent to my Fidelity acct, but I'm not earning much right now, so I'm going to cash it in. It is only about $2000 so i'm pretty sure I can handle paying the income taxes on that in the spring.

It doesn't really matter that it's only 2k it's a bad financial decision. Maybe you should work on making more money instead of paying taxes/penalties on your retirement withdraw

[Ceece]

I had a couple tiny accounts in the past and only knew about them from the annual statements they sent each year. At one point I decided to roll them into an IRA and use that as a "dumping ground" for any future tiny retirement amounts I may earn.

I just hate having things spread out all over the place.