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Greetings Fools,

I am new to this forum, to investing on the whole, and find myself swimming amidst a massive information overload. I think I am beginning to piece together a picture of what direction I would like to head in but I would really like to ellicit some Foolish responses.

I recently inherited a 401K when my father passed away. I also have some money in a pre-tax defined contribution plan through my former employer. Both of these accounts are invested in equity funds.

I am currently self-employed and want to consolidate the 401k from my father's employer and the defined contribution plan from my old employer into one account. As best as I can glean from my research I can roll both accounts into an IRA at a discount brokerage house.

Now down to my question: How best to allocate these monies? From reading stuff on this site, it seems like an IRA is a good way to realize good returns from a Foolish 4 strategy. Would I also be well served putting some of this money into a S&P500 index fund? What blend/mix would offer the best return over the next 30 years?

By the way, I'm not talking about an astronomical amount of money here, about $10K. Dad never managed to be Foolish and borrowed heavily against the 401k, and I was only contributing the minimum to my pre-tax account. I'm on a quest to get Foolish myself and to that end recently paid off every last cent of my credit card debt. What a feeling!

Looking forward to any and all insight.

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