The longest thread ever

I don’t wanna start a whole new thread for this so I’ll post on here.

I just recently got a new job (I’ve worked the same place my whole career so all this is new to me). A few pressing questions I have are:

1. My old 401k was through Vanguard. New company has Empower. Can I have them continue to contribute to my Vanguard or do have to switch? How do I go about switching? Can you do it on your own or do you is it advisable to have someone do it for you?

2. My old employer had no HSA programs so I’ve been contributing to my own at Fidelity. New employer contributes $500 a year but through their own provider. Can I legally have both? As in I won’t use the company one, I’ll just remove the $500 each year and transfer it to my Fidelity account which is the one I wanna use but I’d still have the company one open just for that deposit.



I’ll be looking this stuff up on my own as well but any advice or tips from those here are valued.
 
JNort said:
I don’t wanna start a whole new thread for this so I’ll post on here.

I just recently got a new job (I’ve worked the same place my whole career so all this is new to me). A few pressing questions I have are:

1. My old 401k was through Vanguard. New company has Empower. Can I have them continue to contribute to my Vanguard or do have to switch? How do I go about switching? Can you do it on your own or do you is it advisable to have someone do it for you?

2. My old employer had no HSA programs so I’ve been contributing to my own at Fidelity. New employer contributes $500 a year but through their own provider. Can I legally have both? As in I won’t use the company one, I’ll just remove the $500 each year and transfer it to my Fidelity account which is the one I wanna use but I’d still have the company one open just for that deposit.



I’ll be looking this stuff up on my own as well but any advice or tips from those here are valued.
Click to expand...
You might want to cross post in the Investment and/or retirement threads.
 
JNort said:
I don’t wanna start a whole new thread for this so I’ll post on here.

I just recently got a new job (I’ve worked the same place my whole career so all this is new to me). A few pressing questions I have are:

1. My old 401k was through Vanguard. New company has Empower. Can I have them continue to contribute to my Vanguard or do have to switch? How do I go about switching? Can you do it on your own or do you is it advisable to have someone do it for you?

2. My old employer had no HSA programs so I’ve been contributing to my own at Fidelity. New employer contributes $500 a year but through their own provider. Can I legally have both? As in I won’t use the company one, I’ll just remove the $500 each year and transfer it to my Fidelity account which is the one I wanna use but I’d still have the company one open just for that deposit.



I’ll be looking this stuff up on my own as well but any advice or tips from those here are valued.
Click to expand...
I think you might be overthinking this. You can have two 401(k)s - one for each employer. Every company is different, but it's typically difficult to move money from the plans associated with your current employer to plans associated with a former employer. The other direction is fairly typical (a "rollover").

I wouldn't necessarily advise this, but I have four 401(k) accounts and three HSAs. All but the accounts associated with my current employer are just fine where they are (four of the five with Fidelity, so available via a single log-in). The accounts associated with my current employer get all of the new contributions. HSA withdrawals could come from any of the HSAs (but I'm using them as investment vehicles and paying out-of-pocket).
 
Kdogg said:
You might want to cross post in the Investment and/or retirement threads.
Click to expand...

Don't doubt the dance!! (Or the LTE.)

It's time to repost this video, one of my favorite YouTube rewatches because, well, it speaks to my sense of humor.


It's been awhile with this one, still like it though. In case you can't tell, it was filmed at various locations in Boston.
 
JNort said:
I don’t wanna start a whole new thread for this so I’ll post on here.

I just recently got a new job (I’ve worked the same place my whole career so all this is new to me). A few pressing questions I have are:

1. My old 401k was through Vanguard. New company has Empower. Can I have them continue to contribute to my Vanguard or do have to switch? How do I go about switching? Can you do it on your own or do you is it advisable to have someone do it for you?

2. My old employer had no HSA programs so I’ve been contributing to my own at Fidelity. New employer contributes $500 a year but through their own provider. Can I legally have both? As in I won’t use the company one, I’ll just remove the $500 each year and transfer it to my Fidelity account which is the one I wanna use but I’d still have the company one open just for that deposit.



I’ll be looking this stuff up on my own as well but any advice or tips from those here are valued.
Click to expand...
If you have a financial services account/advisor you can roll over the old 401k to that firm as an IRA without penalty, which would open up your investment options. I believe you can if you want, but you don't need to keep the old 401k with Vanguard. However, I don't think you can move it into Empower.
 
JNort said:
I don’t wanna start a whole new thread for this so I’ll post on here.

I just recently got a new job (I’ve worked the same place my whole career so all this is new to me). A few pressing questions I have are:

1. My old 401k was through Vanguard. New company has Empower. Can I have them continue to contribute to my Vanguard or do have to switch? How do I go about switching? Can you do it on your own or do you is it advisable to have someone do it for you?

2. My old employer had no HSA programs so I’ve been contributing to my own at Fidelity. New employer contributes $500 a year but through their own provider. Can I legally have both? As in I won’t use the company one, I’ll just remove the $500 each year and transfer it to my Fidelity account which is the one I wanna use but I’d still have the company one open just for that deposit.



I’ll be looking this stuff up on my own as well but any advice or tips from those here are valued.
Click to expand...
The investment thread was the right choice for this! We only do pop tarts and puns here.
 
Bostondevil said:
Don't doubt the dance!! (Or the LTE.)

It's time to repost this video, one of my favorite YouTube rewatches because, well, it speaks to my sense of humor.


It's been awhile with this one, still like it though. In case you can't tell, it was filmed at various locations in Boston.
Click to expand...
At :30 that video brings back flashbacks of my adolescence. :)

No doubt in the LTE. I'm pretty sure the Investment Thread has covered a similar situation. Never had a 401K so the answer, which I probably read, just washed over me.
 
Bostondevil said:
Don't doubt the dance!! (Or the LTE.)

It's time to repost this video, one of my favorite YouTube rewatches because, well, it speaks to my sense of humor.


It's been awhile with this one, still like it though. In case you can't tell, it was filmed at various locations in Boston.
Click to expand...
That reminds me of this blast from the past.

 
the warm Fall is all gone, now lots of snow so we look like a big Hallmark card, fluffy powder everywhere. Did a big walk with Z-dog, now it's sit on my butt time, watch football, read a book. Fun.
 
ClemmonsDevil said:

If there's a better song about a Jewish street tough trying to talk a Catholic girl into losing her virginity to him, then I don't know about it.
Click to expand...
If there is a better song about a raised-Catholic guy trying to make it with a Jewish girl, then I don’t know about it.

(Not suitable for all of course — it’s Zappa)

 
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