IPavlov wrote:

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You've got it right.

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Or am I missing something?

IP.

"John A. Weeks III" <john[at]johnweeks.com> wrote in message
news:290920041109548384%john[at]johnweeks.com...
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[snip]

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And, more to the point, if you don't "have winter" now,
you never know if the average temperatures will go down
enough in the next 3 or 4 decades and produce an
unexpected "winter".

The whole point was summed up in your statement:

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If the shares are part of the 401k, you will liquidate the position like any
other within the 401k. The normal rollover rules apply.

But your original post gave the indication that the shares were outside of
the plan, if that's true then there are possible tax issues.

"John" <johnnyman307[at]hotmail.com> wrote in message
news:2NCdnfOizqJexcbcRVn-rg[at]comcast.com...
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I thought you don't pay additional taxes if you are rolling the 401K into an
IRA or Roth IRA.

"Tad Borek" <borekfm[at]pacbell.net> wrote in message
news:mNB6d.21471$QJ3.14305[at]newssvr21.news.prodigy.com...
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John wrote:
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John, do you know how much of that stock distribution would be taxable?
The tax rules on this are tricky but sometimes it's better to leave
company stock in the plan. It depends what kind of plan it is, the
purchase price, and the current price. (Might not be an issue.)

If you're unsure your former employer should provide you with info about
how the shares are held & what the tax treatment would be if you took a
distribution.

-Tad

In article
<9Vy6d.646008$Gx4.496451[at]bgtnsc04-news.ops.worldnet.att.net> , Elizabeth
Richardson <erichktn[at]worldnet.att.net> wrote:

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It is called "making hay while the sun shines". One can never
predict the future. He could end up being disabled, lose a job,
catch lyme's disease, or have quintuplets. Things are good right
now for this guy, so maxing out his 401K at 15% and putting away
another 5% on the side should be considered "normal", and folks
should not even have to ask if that is a good idea. You never
wait until November to start planting a garden, at least if
live in place where they have winter.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

"John A. Weeks III" <john[at]johnweeks.com> wrote in message
news:280920040931292586%john[at]johnweeks.com...
- quote -

Why 15%-20% now, when he has 30 years?

Elizabeth Richardson

Fidelity recently reduced their fees quite a bit.

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In article <IcGdnT5DFITgKcXcRVn-pg[at]comcast.com> , John
<johnnyman307[at]hotmail.com> wrote:

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That is not enough, in my humble opinion. You need to be investing
15% to 20% of your income for the future.

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That is hard to know. Companies change fees over time, and you are
looking at a 30 year time horizon. It is hard to tell what will
happen in the future. All of the companies that you mention are
reputable. I'd pick the one that gives you the services that you
need and has a web site that you are comfortable with. Spend more
time earning and savings, and don't worry about optimizing the
last 10 cents -- that last 10 cents can distract you from far
more important decisions.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

I have a 401K from my employer where the company matches 100% of the first
4% you invest. I am investing 10% at this time since I became eligible
about 6 months ago.
I also have a 401K in another account from a previous job, plus stock from
that previous employer that total under $10,000 combined.
I'm thinking of lowering my 401K contribution to the minimum 4% for the
match, rolling over the old 401K into a new Roth IRA, plus start
contributing the max $3,000 into this new IRA.
I also want to get rid of the previous company stock and invest the proceeds
into a mutual fund or index fund instead. I want to consolidate everything
other than my current company 401K into one broker.
I am considering Ameritrade, T. Rowe Price or Sharebuilder .
So my retirement plan will be to invest 4% of my income into my current
company 401K, $3000 a year into a Roth IRA instead of putting more than the
company match into the 401K. I want to retire in about 30 years when my new
home mortgage is paid off.
What is the best broker to invest in a Roth IRA with the least loads and
maintenance fees as well as invest in the mutual fund or index fund with
least amount of fees, loads etc.?.
Then I will need to figure out what specific funds to invest in.