My former employer has been purchased out by one other firm and is terminating my previous 401k with the majority of my retirement cash. I’ve 90 days from 12/31/24 to roll it over.
This isn’t my space of experience so please be understanding and affected person.
I can roll it over right into a Rollover IRA with my present brokerage (etrade) or I can probably roll it over into my present employers 403b.
My query is ought to I roll it over into the 403b with my present employer and reap the benefits of the pre tax contribution (403b plan payment is .20 or .25 foundation level if I handle it) or ought to I simply roll it right into a Rollover IRA with my present brokerage etrade?
From a administration standpoint I desire the latter due to the benefit of managing it vs. going to HR to have to regulate the 403b contributions from payroll, fill out types, and so on….
Am I higher off going a method or one other? Do the 403b payment’s cancel out contributing to the Rollover IRA with put up tax {dollars}? Or am I higher off making the most of the placing cash into 403b pre tax {dollars} and probably lowing my tax bracket?
Thanks a lot upfront on your time and assist!
