No. of Recommendations: 0
I wouldn't recommend you roll 401(k) money into an existing IRA.

I recently converted a 401K to a Rollover IRA. I then combined the Rollover IRA with my existing Traditional IRA for several reasons:

1) Simplicity - I like having fewer accounts.
2) Control - Access to more funds with my IRA
3) Fees - My traditional IRA with only had $4000 in it so I was being charged an annual maintenance fee. By combining this amount without my rollover fund I eliminate this fee. This was probably my main reason.

Lastly, I have been thinking about closing my fidelity IRA accounts and moving to Vanguard. Fidelity charges a $50 closing account fee (btw, I find it insane to charge someone a fee when they stop doing business with you, but that's a whole other story - if I stop going to my favorite restaurant are they going to charge me a $25 stop-dining fee?)

Anyway, by combining these accounts I would only have to pay $50 instead of $100 if I close the account.

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