Quote:
Originally Posted by Mosaud1998
I just tried initiating a transfer from my Empower over to Fidelity online. I can do it, but for some reason, I can't transfer the full balance. I have approximately $10,000 in the Empower account. When I initiate a rollover, it shows my vested balance is $8,300, not $10,000. It shows that my ROTH balance is $7,500 and my pre-tax balance is approximately $800.
Where the hell did the $1,700 go?
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Because you're not fully vested yet so some of that money is withheld if you transfer it to an IRA or 401k not associated with Empower.
Also, absolutely DO NOT let your account be "professionally managed". That is code for high fees that will leave you with an under performing account. Buy S&P 500 index funds and YOU make the decisions and manage the account. Believe us here.