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Author: CredFool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: 401k Conversion Date: 6/28/1998 4:18 PM
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Help! I'm looking for advice:
My company is set to convert our existing profit sharing plan to a 401 k, effective 1/1/99. The existing plan is managed by American Express IDS funds. The 401 k will be managed by Fidelity.

Over the years, I've accumulated a nice sum in the IDS funds. Here's how I have it invested (class Y funds):
a. 57% IDS Income Fund II
b. 26% IDS New Dimensions
c. 17% IDS Selective

New Dimensions in particular has earned me a lot of money in the last 4 years. The Income Fund has been described as a "safety of principal" fund. Selective is a bond fund.

Here's what I need advice on:
Should I let things sit the way they are? Or should I transfer some, or all, of New Dimensions back to the Income fund, in anticipation of the 401 k conversion on 1/1? How about the bond fund?

When the conversion takes place, amounts would be transferred from the IDS funds into like funds at Fidelity. When that happens, I want to have most, or all, of my money in the Income fund, and I'll figure out later how I want to divvy it up amongst the Fidelity funds.

So, I guess the question is, put everything back in Income now, or wait until December?

BTW, I'll probably have a good idea by December what Fidelity funds I want.

I appreciate any input anyone would care to make.

Thank you!
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