Go Back   CDN Business Directory > Main Category > Financial Planning

 
 
Thread Tools Display Modes
  #1  
Old 04-12-2005, 06:01 PM
Dave
Guest
 
Posts: n/a
Default Re: best option for 401k/pension rollover?

Scott Burns, the financial writer in the Dallas Morning News recently
proposed several portfolios, composed mostly of low-cost index funds.
Check them out on his web site:

http://www.dallasnews.com/sharedcont...153f93882.html

and

http://www.dallasnews.com/sharedcont...15ffddd1b.html

The portfolios in the first article use mutual funds, and the second
article adds ETFs.

Dave

 
Old 04-12-2005, 05:10 PM
Ron Peterson
Guest
 
Posts: n/a
Default Re: best option for 401k/pension rollover?


Matt L. wrote:
- quote -

> In about 4 weeks I will be transitioning from one company to another
as part
> of a takeover agreement. As a result, I will need to do something

with the
> approx $108k in the 401(k) and cash-balance pension accounts of my

current
> employer. All of the money is fully vested and I plan to roll it

into an
> IRA. I am looking for suggestions as to how to best invest this

money for
> long-term retirement goals.


> Any advice on what to do with the $108k rollover would be

appreciated! I'm
> probably looking to go with Vanguard or Fidelity mutual funds, but

I'm
> interested in hearing any/all ideas. Thanks!


Since you are young, you can probably buy stock in 4-5 companies in
your IRA. That experience will help you make better investment
decisions in the future compared to buying mutual funds.

--
Ron

  #-1  
Old 04-11-2005, 08:38 PM
Matt L.
Guest
 
Posts: n/a
Default best option for 401k/pension rollover?

In about 4 weeks I will be transitioning from one company to another as part
of a takeover agreement. As a result, I will need to do something with the
approx $108k in the 401(k) and cash-balance pension accounts of my current
employer. All of the money is fully vested and I plan to roll it into an
IRA. I am looking for suggestions as to how to best invest this money for
long-term retirement goals.

Some additional info about me:
- 27 years old, would not need to access IRA until at least age 60
- no debt other than modest home mortgage
- $7k in existing Vanguard Roth IRA (wellesley fund - which I realize is too
conservative for me)
- $10k in credit union money market acct (emergency cash fund)
- $10k in scottrade account (for speculation/gambling)
- $5k in company stock (a fortune-10 company)

Any advice on what to do with the $108k rollover would be appreciated! I'm
probably looking to go with Vanguard or Fidelity mutual funds, but I'm
interested in hearing any/all ideas. Thanks!

 

Tags
401k or pension, option, rollover
Similar Threads
Thread Forum Replies Last Post
RE: 401K ROLLOVER TO IRA
jc179st: Please diregard las posting: My question is that for my ira to balance out: 1. do i have to adjust the opening balance to $2203.96 so it can...
Microsoft Money 1 01-20-2007 11:27 AM
Re: 401K ROLLOVER TO IRA
Dick Watson: Sadly, this doesn't clarify. Are you saying that the 401(k) $4,646.57 shouldn't be there anymore and is all in the IRA and why isn't the IRA...
Microsoft Money 1 01-20-2007 02:38 AM
Insurance instead of joint survivor pension option?
Bill: Like most people with a company pension I have the option of having the pension end when I die or choosing a joint survivor option so the pension...
Financial Planning 20 03-22-2005 09:08 AM
Pension Rollover and College Funding
OJ: Hi there, I have a couple grand in a Roth at Etrade. My plan was to grow this for a while and use it as a college fund for my children, as I...
Financial Planning 1 06-09-2004 01:14 PM
401k rollover to IRA while still at the job?
Steven: Am I allowed to rollover my 401k to an IRA while still at the job? Any ideas. Thanx.
Financial Planning 7 04-06-2004 08:55 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 12:55 AM.