Question about HSA and 401k rollover

julieanne912 · October 2016

OK so I have an HSA at my current job with $500 in it. My new job offers a couple of insurance plans, one of which is an HSA plan. I don't know the details of it yet but I'm thinking that's probably what I'd go with because of the HSA option.

Anyway, with my current HSA, do I just leave it where it is or is that something I have to arrange to take with me? PayFlex is the company that's used to maintain the HSA funds. I asked our HR lady here and she wasn't that helpful.

Also I have a bit of money in a 401k here, I'm assuming I can just roll that over into my new company's 401k?

jtmh2012 · October 2016

Personally, I'm a fan of rolling things over just because it makes it easier to keep track of things.

You could roll both into your new plans. Or have the 401k rolled into a rollover IRA.

labro · October 2016

Unless the new 401k plan looks terrible investments wise I'd just roll it over. But that's just my personal opinion and I think it makes life a little easier. Aka what @jtmh2012 said.

smerka · October 2016

I've only been at three jobs with 401ks. When I left each one, I moved the money to a rollover IRA. I wanted more control, better investment choices, and to make sure i didn't lose track of them.

Question about HSA and 401k rollover

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