I recently left my job after 10 years. I have my 401-K that I am going to rollover into and IRA however I am not sure what to roll it into. Broker has suggested Large Cap Growth fund or a strategic value fund. What should I do given the uncertainity in the markets?
2006-07-21 10:15:44 · 9 answers · asked by landkruzer 2 in Business & Finance ➔ Investing
Personally, I am a better guardian of my money and have took the penalty, paid the tax, and made it all back plus in 3 years when I left company....I do not like any money in 401k's or managed funds as its tied up and hard to move around...do the safe thing if you like people managing your money and trust them though...don't blame me when its retirement time and your money has vanished like the infamous never-fail pension plans that were also promised.....it is written.
2006-07-21 15:41:39 · answer #1 · answered by -* 4 · 0⤊ 0⤋
I think that is correct. Somthing with a high rate of return. Make sure that if it is over $4k to just put $4k in there and put the rest into something else. I think the Large Cap would be a good choice. Make sure to read the prospectus and get them to do the projection for you to see what you have and how many doubling periods you have left. (The rule of 72)
Mutual funds are the best place - (like IRAs etc) no matter what the crisis, they have maintained their RORs. They started in 1924 - you tell me what you think. They have both stocks and bonds in them and fund managers have the job of taking care or this. It is their job to make sure you get the most bang for your buck.
2006-07-21 10:22:09 · answer #2 · answered by Leisa W 2 · 0⤊ 0⤋
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2006-07-22 05:31:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I do 401K Rollovers every day for folks. Depending upon your age, you may want in something guaranteed not to lose. Why pay a broker to invest. I do it for free through a reputable insurance company. We offer a VERY competitive fixed interest rate, but if you are younger, you could roll it into an equity indexed account. One that gives you the gain of the S & P, but not the loss of being in the market. Let me know if you need my help.
2006-07-21 19:58:06 · answer #4 · answered by Susan C 3 · 0⤊ 0⤋
Diversify it as much as possible, there's really no way to know how anything is going to preform in the future. Perhaps you divide it up into several funds that invest in different areas. I would put at least 25% into some kind of overseas fund, 25% into large caps, 25% into small caps and 25% into some kind of growth and income fund. I don't really know what your situation is but this is what I would do.
2006-07-21 10:22:54 · answer #5 · answered by erik c 3 · 0⤊ 0⤋
two good ideas. the younger you are the more you should be in the market. this market sucks now but it maintains a level around 10500. should start up some day and those two suggestions should lead the market.
2006-07-21 10:20:17 · answer #6 · answered by zocko 5 · 0⤊ 0⤋
Recent studies shown that people who has money investment, in whatever the form is(IRA, STOCK, BOND, etc), they pulling out their money. More people are pulling their money out than people who is putting it in.
SO, make wise choice
2006-07-21 10:21:16 · answer #7 · answered by Joonseo 2 · 0⤊ 0⤋
Spend it with reckless abandon because the way things are going we not going to be around long****kaboom**!!!!!
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2006-07-21 10:24:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Give it to me.
2006-07-21 10:19:15 · answer #9 · answered by Anonymous · 0⤊ 0⤋