Posts  / #POST-219430
REDDIT

Need to move 400k in a high fee 401k to new brokerage account

K
Feb 10, 2026 · 08:40

I want to retire in 8 years.

I can no longer contribute to the 401k because of the earnings received yearly from ESOP distributions.

I currently have a 400k IRA at E\*trade from ESOP diversifications. The past year I went the ultra safe route with SGOV. I feel I have wasted a year with it.

Any recommendations for brokerages for me to move my 400k to? Once it’s in there, what to do with it? I can roll it into an IRA so taxes an issue.