Thursday, July 18, 2013

401k Rollover to IRA - Early-Retirement.org

Old Yesterday, 05:47 PM ? #1

Confused about dryer sheets

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Join Date: Jul 2013

Posts: 1

401k Rollover to IRA


I guess these questions have been asked earlier, here we go again

1) Which Rollover 401k IRA is the best option for ~$18k? Also what are some of the best MFs that can be bought now (retiring in ~20 yrs) for moderate returns?

2) I keep reading about no-fee mutual funds with different expense ratios. Can i buy stocks after the rollover? What are the advantages of buying the MFs over stocks?

Sorry again for asking the same. Appreciate a lot.

Thanks

Harry


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Old Today, 08:03 AM ? #5

Recycles dryer sheets

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Join Date: Jun 2013

Posts: 53

We're about to make the decision, as my spouse has changed jobs. My financial adviser keeps harping on the idea of rollover to IRA (probably because he has dreams that perhaps someday it'll mean more money for him to directly manage for us - never gonna happen). However, my spouse's new 401k has excellent choices, almost a dozen Vanguard funds of various colors, with institutional fund classes (i.e., institutional ERs). I cannot buy (for example) VIIIX in my IRA. So I'm inclined to rollover my spouse's old 401k into my spouse's new 401k. It's rare for a small company's 401k to be decent, especially these days, but it does happen.

If you want to buy VIIIX, you can just go to vanguard.com, open a rollover IRA, and move your 401k there. No need to roll the money into an existing account, or to involve the financial advisor.

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