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Hello Everyone,

I have been away from the land of the Fools for awhile, longer than I wanted but I finally made it back! I have been reading through the many post that have accumulated while I was gone in search of knowledge regarding a situation I will be faced with very soon. I write the following in hopes someone can lead me in the right direction:

Status: I am married with no children and my wife and I both work, together we make about $106k each year. We both contribute the max to our 401ks and we also have a brokeage account with Schwab that we fund each month into index funds.

Situation: My wife is taking another job in about one week and I am trying to decide what to do with her 401k money??? There is almost $10k in her account, of course, I could just let it roll over into her new company's 401k but they do not have the type of funds that are Foolish. I would prefer to use that money to open a Traditional or Roth IRA with Vanguard to purchase the Vanguard Balanced Index Fund and continue to contribute to that separately. Then, my wife could start her new company's 401k.

I already feel the Vanguad fund mentioned above would be a better place for the money as long as I am able to do this and do not get bashed with taxes. So, is this an option available to me? Would a Traditional or Roth IRA work better? Should I split the money and open some type of IRA account in each of our names? Any help with this would be greatly appreciated!!!


Jim
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