VFFSX info for 401k rollover

Yes, it's comparable. They both seek to track the performance of the S&P 500 index. The net expense ratio for VFFSX (0.01%) is less than VINIX (0.035%), so you got that going for you.

As Royalwe said they are comparable. The top ten holdings for both are very, very similar: Microsoft, Apple, Amazon, Nivida, Alphabet, Meta, Tesla, Berkshire, and United Health.

Whiskey asked about rolling over to an IRA. That's what I'd do because you would have many more options.

I don't know what you mean about rolling it over into a 401k so you can max it out. How much you contribute to a 401k has nothing to do with rolling money into it. They are two different things.

The only reason you would roll it into your company's 401k is to take advantage of having more money in it if you use the "Rule of 55" to get money out without penalty if you decide to terminate employment and retire. Otherwise, you're better off rolling it into your own brokerage account so you can invest in whatever you want to.

You can split your combined contributions between a Roth and your 401k, but they can't exceed the maximum amount ($22.5K or $30K if 50 or older).

I would roll it over to a traditional IRA. I don't think you can roll it over to a roth unless it was a roth 401k. You may can, but would have to pay taxes on it someway. But if you think you'll be in a higher taxes bracket when you retire it might be worth looking into.

Either way, in a roth or traditional you will be able to invest it in whatever you want. Where if you put in your new employer 401k you'll have to choose from what they offer.

Also it doesn't count against your IRA max for the year. Or your new 401k for the year. You'll still be able to put 6500 in that same IRA you roll it into for this year and max your new work 401k, if you want.

You could move your IRA over to any investment company’s IRA. But Vanguard is at/near the top of the list of no load/low expense ratio mutual fund companies. Curious who has a legit reason for better rollover alternative than Vanguard?

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Another reason to rollover to 401k is to facilitate backdoor Roth contributions if you ever exceed income limit for Roth IRA. Otherwise, you'd have to pay income tax on conversions from traditional IRA due to pro rata rule.

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If the 401k is traditional (non-Roth) then you would pay income tax executing a backdoor Roth. If you have the money in a traditional IRA, you also pay income tax executing a backdoor Roth. There is no difference.

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Seems like a dumb question, but if its a traditional IRA, how do you deposit non-taxed funds into the account? Is this linked to my check before uncle Sam gets to it?

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You never touch the money, it’s transferred directly from one retirement account with paperwork to another retirement account. It’s done all the time

I believe you claim a tax deduction on your tax return for the amount you contribute.