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#1
04-06-2004, 09:00 PM
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 Re: Mo' mo' ..Rollover Mutual fund to Roth IRA... YOU APPEAR TO BE CONFUSED HERE. THE MONIKERS "401(K)" and "IRA" ARE TYPES OF PLANS. MANY ARE FOUNDED UPON MUTUAL FUNDS AND MANAGED BY MUTUAL FUND COMPANIES AND THE CHOICES TO INVEST OUTSIDE OF MUTUAL FUNDS IN A 401(k) WOULD BE EXTREMELY LIMITED (PROBABLY TO COMPANY STOCK ONLY). DO YOUR TRUST YOUR INVESTMENT ACUMEN ENOUGH TO INVEST IN INDIVIDUAL STOCKS? YOUR QUESTIONS INDICATE OTHERWISE. IF YOU ARE FRIGHTENED BY THE RECENT MF SCANDAL, DON'T BE, THERE ARE MUTUAL FUND COMPANIES, THAT WERE COMPLETELY SCANDAL FREE. TRY VANGUARD, TROWE PRICE AND OTHERS. "Gabbo!" wrote: - quote - > Hi, thanks for responding to previous post. > I opened my Mutual 3 years ago with about $13k, do to the lows of the last > few years I am still at about $13 maybe slightly less and I am ready to jump > ship. Even if it means taking the tax loss. My previous question was about > rolling it into an IRA. My next question is can it be rolled over into a > 401k? > If not any suggestions on where to put this money? I no longer trust the > performance of mutual funds. |
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02-09-2004, 08:59 AM
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| Re: Mo' mo' ..Rollover Mutual fund to Roth IRA... - quote - > From: "Gabbo!" mat[at]hotmale.com > Date: 2/8/04 12:40 PM Pacific Standard Time > Message-id: <102d6qufvmaer7f[at]corp.supernews.com > Hi, thanks for responding to previous post. > I opened my Mutual 3 years ago with about $13k, do to the lows of the last > few years I am still at about $13 maybe slightly less and I am ready to jump > ship. Even if it means taking the tax loss. My previous question was about > rolling it into an IRA. My next question is can it be rolled over into a > 401k? > If not any suggestions on where to put this money? I no longer trust the > performance of mutual funds. No! Just remeber the basic rule, all tax deferred (or free in the case of the Roth) retirment programs only allow cach contributions to be deposited in them. |
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#-1
02-08-2004, 07:40 PM
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| Mo' mo' ..Rollover Mutual fund to Roth IRA... Hi, thanks for responding to previous post. I opened my Mutual 3 years ago with about $13k, do to the lows of the last few years I am still at about $13 maybe slightly less and I am ready to jump ship. Even if it means taking the tax loss. My previous question was about rolling it into an IRA. My next question is can it be rolled over into a 401k? If not any suggestions on where to put this money? I no longer trust the performance of mutual funds. |
| Tags |
| fund, ira, mutual, rollover, roth |
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