Originally Posted by
CMA757
Speaking of 401k, if we are not fully vested, do we lose that amount when we head to Delta? Related but on a much less important topic do we keep our same pass eligibility date for travel or do we receive a new one?
This is an excellent question and I have an answer for you. First of all, you should always check with a CPA or fee-based financial planner. But here’s my layman’s answer. When going to delta, if you don’t have a large amount of 401k cash (which if not fully vested, you probably don’t), you SHOULD roll it over indeed. Provided it’s not a large amount, and if you’re younger than mid-thirties, I’d roll it over into a Roth IRA not affiliated with an employer. Remember, only the portion that is not vested will go to 9E. All your contributions stay yours. Finally, you could leave that money in the 9E plan until it’s vested and then roll it over.
For others whom have a large amount of vested contributions and switch jobs, a simple rollover to the new employers plan is good enough.