Any downside 401k to IRA? And stock ?

[whitemerlot]

My h has a 401k from a previous job. Is there any downside to transferring it to Vanguard and opening an IRA with it? If it matters, a small amount is a Roth 401k (maybe 10k) and the rest is a regular 401k.

Unrelated question: I was gifted 10k in a single stock in 2002. The stock is now worth about 7k. It was from my grandma and I think she and my grandpa bought it when he was working for the company at a low price several decades ago. Is there any reason I can't or shouldn't transfer this money, keeping it in the same stock to Vanguard? I have all of my other brokerage money there and am paying a quarterly fee to Wells Fargo, where I have only this stock.

[expatpumpkin]

Sorry I don't know the specifics of these transactions well enough to give solid advice - someone else probably will though - but I recommend that you call Vanguard and ask about the tax ramifications, process, fees, etc. I've always found their reps to be really helpful.  They will walk you through it.

Good luck!