So in a couple of weeks I’ll be switching positions and at my new job it takes a year for the company to begin matching. They match up to 5% after that but my question is should I continue to contribute into my 401k when I transition or move the money into something else.. It’s only about 15k just seeing what others think
Job transition and 401k account
byu/Majestic_Bid8852 inpersonalfinance
Posted by Majestic_Bid8852
4 Comments
Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics.
rollover the 401k to ira at vanguard/fidelity so you can move into something vt or vti. while you wait for company match, i’d be putting money into a roth.
Even without a match, 401ks are some of the best tax advantaged accounts and can have some protections against other issues (e.g. bankruptcies, lawsuits). Probably best to just get it going and not kid yourself that your income is artificially higher for a year.
You should always keep contributing. Matching is a bonus, its not the core reason to use a 401k.