You started a new job but still have a 401(k) with the old employer. What should you do with it? Roll it into the new plan? Leave it where it is? Roll it into a rollover IRA? That’s what we’re discussing on the latest bonus call with Molly.

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1 reply
  1. Eric Juli
    Eric Juli says:

    I am a bit confused on why you did not suggest to jump on the ESPP? I agree that taking care of an emergency fund first is a good idea. But why 401(k) over ESPP? It sounded to me like the caller is solidly in the 22% tax bracket and bumping contributions to 401(k) would not be enough to drop tax brackets. So why not do 15% ESPP, sell the first day you’re allowed to, and dump the money into a taxable account?

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