Thank you, thank you, thank you! I recently retired and went through the process of rolling over my Fidelity 401K funds to a Vanguard Traditional IRA and a Vanguard Roth IRA. I leveraged your video to deposit the checks using the Vanguard mobile app. Everything worked perfectly. Thanks again for your content and expertise.
@ibizanlove
9 ай бұрын
Great video, one note from Vanguard's site regarding 401k rollovers: "If the check is made payable to Vanguard, don’t endorse it. Just make sure it includes your Vanguard account number before mailing it to us [or depositing via the mobile app]."
@millennialmoneyprogress
2 жыл бұрын
Wow, this was so helpful! I also have an old 457b that I have been too lazy to rollover. It's been about 3 years at this point so I need to get around it. I am so glad you touched on the mobile deposit portion because something about mailing the physical check made me nervous. I already have my Roth IRA and taxable brokerage at Vanguard and just want to consolidate my accounts so seems like I'll just need to open my rollover IRA at Vanguard! Calling my old institution and Vanguard this week to get more details. New subscriber here.
@Chuubie
Жыл бұрын
Thank you! Hold time to speak to someone at vanguard was 50 mins, so I decided to see if there was a video tutorial instead!, and I was able to set this up without having to sit on hold on the phone!
@uprisemoney
Жыл бұрын
Awesome! So glad it helped!
@CyGrooves
2 жыл бұрын
this was SO helpful. Thank you so much.
@tagates001
3 жыл бұрын
Thank you very much for posting this.
@gruponemesis
2 жыл бұрын
your video was amazing...thank you so much!
@marieachieng9326
3 жыл бұрын
Thanks for the video - what about the taxes on the rollover to the Roth IRA? Can you please explain your strategy?
@chiburu_uchinanchu
2 жыл бұрын
Hmm I thought it was possible to roll over a Fidelity 401k/403b online to Vanguard. I'm planning on switching. Thanks for the tutorial.
@captainyak3948
3 жыл бұрын
Ok but why didn't you stay with Fidelity IRA instead of Vanguard IRA?
@tylerbarley7042
Жыл бұрын
Likely due to lower fee's at vanguard.
@alvinlizaalmazan8549
Жыл бұрын
Very systematic step by step procedure. Nicely done
@dannychiquitoofficial5061
2 жыл бұрын
Great video, I just did it....yeahhhhh 😊 Thanks
@uprisemoney
2 жыл бұрын
Awesome! It's definitely a sigh of relief when it's done!
@semimba
2 жыл бұрын
Nice video as I plan on rolling over from Empower to Vanguard. Don't they have an option for direct transfer without mailing a check to you? I probably would have filtered out my address on the video. I have most of my money at Ameriprise but the fees are high (0.75%) and I don't want to put all of my eggs into one basket. Thanks for the video.
@graceashimine4241
2 жыл бұрын
Thank you so much for posting. Found your how-to videos most informative and helpful. Deeply grateful. Are those over 59.5 years of age able to receive dispersments from a QDRO 401k that hasn't been touched for several years? I've been reading that dispersments are taxed the same as regular income. I am nearly one year past my retirement eligibility age and am wondering whether dispersments are a better option than a roll-over, since the 401k is in the hands of a very stable brokerage firm: i.e., Fidelity Investments.
@graceashimine4241
2 жыл бұрын
@@uprisemoney Thank you for your good advice. It means the world to this single mom of limited income that someone cares enough to take the time to help.
@erwaq864
2 жыл бұрын
Thank you, very helpful.
@uprisemoney
2 жыл бұрын
I'm glad it was helpful!
@peterkang5725
2 жыл бұрын
How long did it take for you to receive the check after your call with fidelity?
@halliebtv
Жыл бұрын
Thank you for this video
@uprisemoney
Жыл бұрын
I hope it was helpful! If you have any financial questions, our team of financial advisors would be glad to answer - for free! app.uprise.us/ask-us-anything
@jhors7777
Жыл бұрын
Thank you for posting this helpful video
@akin242002
3 жыл бұрын
This seem like a bad idea unless you plan on being an expat. Vanguard is better for expats. Otherwise stay with Fidelity for fractional shares for all ETFs and stocks. Also their zero expense ratio S&P 500 Index mutual fund (FNILX) has outperformed VFIAX/VOO.
@iwantcheesypuffs
Жыл бұрын
Excellent. But the Vanguard app says I can only contribute 7,500 -- which I believe it sees it as a standard contribution and not a rollover. Must of did something wrong.
@paolog5679
3 жыл бұрын
I am in the process of rolling my old 401k to Vanguard. Do you recommend those two funds to start with. VTI and VXUS?
@paolog5679
2 жыл бұрын
@@uprisemoney i just executed the transaction 65 / 35... thank you so much
@tagates001
3 жыл бұрын
Did you do all of this from your smartphone?
@tammyj2858
8 ай бұрын
Thank You......
@delayedgratification581
Жыл бұрын
In my former employer’s 401K there’s an option to “rollover to institution”. Choosing that option with my Vanguard traditional IRA account, I assume Vanguard will receive the check directly and no check will be sent to me..
@Californiansurfer
2 жыл бұрын
I have a Roth Mutal fund from my bank which I want to move it over to Vanguard roth Mutual fund. Do, I do the same.. just confused.. thanks
@genog319
2 жыл бұрын
I wish I would’ve done my rollover the way you did I had my government thrift savings account mail the check directly to Vanguard which they got it this past Monday and now they’re sitting on my money for a week and I’m unable to do any trading until they release it.
@uprisemoney
2 жыл бұрын
Sorry about that! The process is definitely a hassle. I hope they release it for you soon!
@genog319
2 жыл бұрын
@@uprisemoney Great video thanks for the info by the way
@abr7192
2 жыл бұрын
My 401k with Fidelity contains pre-tax contributions and after-tax contributions. I don’t have a Roth 401k. So, when vanguard asks about “Roth assets”, do they mean the after-tax dollars in my 401k?
@uprisemoney
2 жыл бұрын
If you only have balances in your Traditional 401k then you don't have Roth assets, so not applicable
@jasonbarkin3778
2 жыл бұрын
So a 401 can roll into an IRA. But , if i made an IRA this year i can only put a few thousand in it. I don't understand.
@evelynbaitz2732
2 жыл бұрын
Thanks I had the same question.
@evelynbaitz2732
2 жыл бұрын
@@uprisemoneyis this rollover allowable only from previous employment and old 401k from previous employer? What if you have a 401k with a current employer and you want to roll it into a Vanguard, can you do that?
@jasonbarkin3778
2 жыл бұрын
@@evelynbaitz2732 my guess is a roll over can happen any time. .. I like Vanguard , or atleast I used to hear good things about them. I just recently started a Roth with Vanguard. So for now, I plan on using both. 401 and Roth. I think mine from work is a 403 B. Seems mostly the same
@veriitas33
Жыл бұрын
If I'm employed won't let me rollover to ira so frustrating
@uprisemoney
Жыл бұрын
That does sound frustrating. Reach out to us if you'd like some support! www.uprise.us
@evelynbaitz2732
2 жыл бұрын
I'm confused, aren't you only able to rollover/contribute $6000/year?
@Loribelle02
3 ай бұрын
I Have two Ira’s at Bank of America, they have made no money. Can you help me move my money safely.
@Loribelle02
3 ай бұрын
One is Ira edge and the other is Roth IRA edge so I need two vanguard accounts? Do you do phone consults?
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