If one has 150k in IRA account ,does it make a sense to roll it into 401k with AUM fee 0.38% to be able to have $5500 Backdoor Roth vs just investing into taxable account ? tax rate -43%.
401k with AUM 0.38% – tax deductible fee $570 ?
or 401k with AUM fee 0.08% -tax deductible fee $120 ?
Thank you.
If one has 150k in IRA account ,does it make a sense to roll it into 401k with AUM fee 0.38% to be able to have $5500 Backdoor Roth vs just investing into taxable account ? tax rate -43%.
401k with AUM 0.38% – tax deductible fee $570 ?
or 401k with AUM fee 0.08% -tax deductible fee $120 ?
Thank you.
According to your description, you are a small business owner. Isn’t there an opportunity to roll it into your own SOLO-k? Or couldn’t you create one? If that is not possible now or you foresee no opportunity to do so, then roll into the “better” plan. My concern with doing so is that you lose a measure of control when you roll over to an employer’s 401k.
I have 10 employees , so I cant have Solo-k , and because I dont think its a fair game to have a pooled 401k plan I offer participant -directed 401k and with participant-directed we have to pay some recordkeeping fee.
$5,500 * .0038 = $20.90
What am I missing?
$5,500 * .0038 = $20.90
What am I missing?
He has an entire balance of $150k, not $5500
ops:
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