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URL:  http://boards.fool.com/what-to-do-with-my-401k-10193870.aspx

Subject:  What to do with my 401(k)... Date:  6/1/1998  10:31 AM
Author:  GeekFoolBoy Number:  4085 of 75810

Greetings all,

I'm new to this board, so I apologize if this topic has been covered before. Here's my story:

I recently changed jobs and need to decide what to do with funds from my 401(k) (held by Fidelity). As I understand it, I have 4 realistic options:

1. I can leave the funds in my old 401(k) indefinitely.
2. I can transfer the funds to a 401(k) at my new employer.
3. I can transfer the funds to a personal IRA.
4. I can transfer the funds to a personal Roth IRA.

Options 1 and 2 are no-go's. I don't like my the investment choices in either of the 401(k) plans.

So, my question is whether to move the money into a plain or a Roth IRA. I'm 29 years old, the 401(k) is worth about $24K, and I'm in the 28% tax bracket. My income is sufficient to cover the taxes for the Roth conversion if I spread it over 4 years.

And as a corollary, I would appreciate any advice on particular companies which offer either of these types of IRA's and the type(s) of investments best suited for my situation. Individual stocks? Index funds? Others?

Thanks in advance,
GeekFoolBoy
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