That's a good point. I have not even compared expense ratios. My primary motivation to move is to have fewer accounts to worry about. But even that is not super motivating.That’s only looking at one fee though. Presumably you are considering the rollover because you can reduce your overall investing costs (like fund ERs)? Otherwise, why not stay put?My previous 401k charges a 0.07% fee per year (divided quarterly)I find this really hard to believe.This fear has been preventing me from executing a rollover for years. There isn't really a good time to do a rollover that I can tell. The fees at my old administrator are low enough that 1% of "missed" gains during the transfer would probably take a decade to break even on.
If course you can also get lucky the other direction.
Care to share your math?
1.00% / 0.07% is roughly 14
. There isn't really a good time to do a rollover that I can tell. The fees at my old administrator are low enough that 1% of "missed" gains during the transfer would probably take a decade to break even on. Statistics: Posted by jincopunk — Sat Aug 10, 2024 3:02 pm — Replies 17 — Views 1114