What are my options with 401K after leaving?

Joined
Aug 31, 2020
Messages
9
Title say’s it all. Also if stocks with Target are better, can I leave my 401K with Target and make another employee sponsored one with another company? That would be two 401K.
 
IMHO leaving it at your old employer is bad.

I believe since you are no longer an employee there you have no say in how it is invested.

It's better to open a 401K at Fidelity, Charles Schwab, etc. and transfer it.

It's pretty simple to do.
This isn’t true, if you’ve made an account with the 401k provider then you still maintain agency over your investment portfolio after leaving your job.

I wouldn’t say leaving it is “bad”, but it may not be as advantageous as rolling it into your new employer’s plan.
 
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