In march my company will start matching for 401k 100% up to 4% of contributions so I plan on maxing that out to 4% as soon as it kicks in. I have a 401k from my previous job that I was contributing a high amount to but have not touched since I left the company. I also have a managed IRA that I inherited from my father when he passed that I also have not touched, pretty much ever, because I was young and had no idea what to do with it.
So I essentially have 3 separate retirement accounts right now. I also have a decent chunk of stock from my previous job that was a mix of EPP and RSUs in yet another account.
Outside of maximizing my company's match does it matter what I do with the other two retirement accounts? Should I be contributing to them as well does it not matter which one I end up putting money into?
Also since all 4 are market-based I'm wondering if maybe I should choose something else to invest into that might be more stable? I think maybe now is a good time to diversify.
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*Edit* Ok so it looks like based on the flowchart I should be doing 15% towards retirement. I don't know if I would be considered behind on this - how would I figure that out? I just haven't made a lot of money (and still don't but hoping to change that). My guess is I can just utilize my current employer's plan and let the others do their thing. Are the maximum yearly contributions total or per account?
juliana_san t1_j2eg2ee wrote
Reply to Weekend Help and Victory Thread for the week of December 30, 2022 by IndexBot
I have questions about retirement plans and 401k
32/USA
In march my company will start matching for 401k 100% up to 4% of contributions so I plan on maxing that out to 4% as soon as it kicks in. I have a 401k from my previous job that I was contributing a high amount to but have not touched since I left the company. I also have a managed IRA that I inherited from my father when he passed that I also have not touched, pretty much ever, because I was young and had no idea what to do with it.
So I essentially have 3 separate retirement accounts right now. I also have a decent chunk of stock from my previous job that was a mix of EPP and RSUs in yet another account.
Outside of maximizing my company's match does it matter what I do with the other two retirement accounts? Should I be contributing to them as well does it not matter which one I end up putting money into?
Also since all 4 are market-based I'm wondering if maybe I should choose something else to invest into that might be more stable? I think maybe now is a good time to diversify.
​
*Edit* Ok so it looks like based on the flowchart I should be doing 15% towards retirement. I don't know if I would be considered behind on this - how would I figure that out? I just haven't made a lot of money (and still don't but hoping to change that). My guess is I can just utilize my current employer's plan and let the others do their thing. Are the maximum yearly contributions total or per account?