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Subject:  Traditional IRA - transfer & rollover Date:  11/13/2003  5:14 PM
Author:  LTLisa Number:  37809 of 88066

Hey all, I could really use some advice.

I currently have a traditional IRA with an investment company I'm not totally enamoured with. It was set up with the help of a friend who was a financial advisor there at the time and is 40% stocks and 60% mutual funds. Also, I will be getting laid off at the end of the month and will need to reinvest my 401(k) - only around $5k or so. I can't remember how the 401(k) is distributed and don't have the paperwork with me at the moment.

My plan is to transfer the IRA to Vanguard and then rollover the 401(k) to the IRA after I get laid off. My question is, should I keep the 40% stocks/60% mutual funds distribution, or switch it all to one or the other? I'm fairly conservative and hands-off at the moment - and 32 years old so quite a way off from retirement.

Any other ideas?


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