"John A. Weeks III" <john[at]johnweeks.com> wrote in message news:<010120040158503361%john[at]johnweeks.com> ...
- quote -

hmm, ok. I will look into that next week since I have some time off
now. I still don't see the advantage but maybe if I look into it I
will see what you are talking about.

I thought the investment options of my old 401k were pretty good.
There are a mixture of large cap, small cap, bond funds etc. They
all, for the most part were starting to perform again. I assumed it
was protected with insurance, it is a Fidelity account. I am not sure
if I can contribute to it anymore but obviously if i could i wouldn't
get the company match.

thank you for your advice.

In article <c4a20c88.0312311358.1dbdd34c[at]posting.google.com> , Terry H
<tevering99[at]netscape.net> wrote:

- quote -

I would roll it over into a self-directed IRA as a major discount
brokerage. You want to be in control of your money, and have it
some place that is protected with insurance. I don't like to see
folks leave money in old 401K's or roll into new 401K's since the
investment options rarely seem to favor the investor. For example,
you want to be able to invest in low expense no load funds.

-john-

--
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John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
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Hi, I have been working on a 401k for a few years, taking advantage of
a company match and contributing as much as I could, and now I have it
built up to around 40k. Due to a wonderful Xmas present of company
wide lay offs, I am out of work and not contributing to it anymore.

Fortunately, I had a new job lined up and will be starting soon. But
unfortunately, my new company does not have a 401k just yet since it
is a new 'startup' type company.

So, could anyone with experience in matters like this, recommend some
options as to the best way to handle this 401k money. Should I let it
float and hope that my new company gets going and gets a 401k to roll
it over to. It does seem to be growing in value right now due to the
stock market doing well so I have no problem with leaving it sit.
Should I put it in an IRA or mutual fund of some sort and continue to
pump money into it without a company contribution? If so, what would
you recommend? Or should I cash it in and buy powerball tickets
since retirement is so far off for me . just kidding about the last
one.

Any advice would be greatly appreciated.



(appologies if this gets posted twice)