Should I roll over a 401k with $3,200 to my new employers 401k or put it in a Roth IRA?

Question

My previous employer offered a 401k which I took advantage of while I was there. The 401k is worth $3,200 put in to 8 different funds:

24.60% - T. ROWE MEDIA & TELECOMMUNICATIONS 
21.07% - T. ROWE PRICE RETIREMENT 2035 
13.11% - GOLDMAN SACHS MID CAP VALUE FUND CLASS A
9.31% - T. ROWE PRICE REAL ESTATE
8.73% - T. ROWE PRICE MID-CAP GROWTH
7.89% - T. ROWE PRICE GROWTH STOCK 
7.75% - T. ROWE PRICE CAPITAL APPRECIATION 
7.54% - AMERICAN CENTURY EQUITY INCOME ADV

$3,200

Would I be better off putting this money into my current employers 401k account, roll this money over to an IRA, or keep the 401k where it is and let it grow on it's own?

Answer 1

roll to a Roth IRA a Roth grows tax free, they are flexible, where as 401K's are limited. Always roll 401K's into a Roth when ever possible

Answer 2

Roll it to a Traditional IRA at a company such as Vanguard, Principal or somewhere else. You'll have more control over your choices of funds. I'd not roll it to a ROTH because you'd have to pay taxes and penalties on the money.

Answer 3

To have better control and more selection I would roll this into an IRA (Roth) if I could afford to pay the taxes now. The Roth would then grow tax free for you over the time prior to taking it out. Noting your allocation above you are limited to one companies product.

Answer 4

Since the funds you currently are invensted in are pretty good funds, see if you can keep it in there. Due to the small amount you may not be able to. In which case I would roll it over into a regular IRA.

Answer 5

roll it over into a roth ira!!!

Answer 6

roll into the new company you will have more base to get higher returns on your investment