<prompt> Human: I met with a financial adviser at my local Credit Union. I told him that I had a 401K from a previous employer that I am not contributing to any more. I will not be eligible to join my new employers 401K til Jan 15. I asked if I should roll that 401K into my new jobs 401K. He suggested that I move the previous employers 401K into a rollover IRA and start fresh with the new employers 401K. What do you guys think?  <response>: Dont go through a bankcredit union for an IRA. In all likelihood, either the returns will be terrible the money wont be invested or the fees will be outrageous.Use a brokerage Vanguard, Fidelity, Schwab, etc 