warblah wrote: ↑Sun Mar 17, 2024 7:03 pm question, I have a old 401k account(fidelity) which I want to rollover to RH's traditional IRA. But i want to avoid receiving a check from Fidelity. Can I just do this?
1. open a rollover IRA account in fidelity
2. Rollover my old 401k to the Rollover IRA account(Usually only takes a week since it's in house?)
3. Do a transfer from my fidelity Rollover IRA account to RH's traditional IRA account(another week?)
Isn't doing this faster and safer compared to 401k->IRA method? Which requires a check and potentially 5 weeks of waiting time?
If you have a 401k at Fidelity it would make zero sense to do anything other than roll it over to an IRA at Fidelity before you send it somewhere else.