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|Subject: At sea over rollover, don't want to capsize!||Date: 4/26/2004 12:44 AM|
|Author: batkins61||Number: 40687 of 77082|
I changed jobs about 6mos ago and I really feel I should roll over my previous company retirement plans into an IRA. I'm 42 and I'm pretty far behind the curve on retirement (we were paying for diapers, clothes, car ins., and now college instead of investing :-P).
After reading the news on retirement account scandels, etc., I feel like I need to roll because it's not wise (foolish?) to trust my previous employer for the next 25 or so years until I retire (am I being paranoid?).
I am currently thinking of moving the funds to a Vanguard Target Retirement account. However, since I am, IMHO, behind the curve, perhaps I should be a bit more aggresive and go with the 30 yr old's account (2035) instead of the 40 yr old's (2025). Thoughts?
I'm not an active investor and I don't know much about how to evaluate or even learn about investment alternitives. I would like to roll my retirement plans into a relatively safe yet aggressive fund and try to catch up on my retirement (and am willing to accept the additional risk).
Are the Varguard Target Retirement funds too conservative for my situation? What else should I be looking at (in Vanguard or beyond)?
My current plans are run by Fidelity. Is there a significant advantage to keeping my money there? I like the low overhead ethic I see at Vanguard, but don't know how it compares to Fidelity, or others. Are there Fidelity funds I should be looking at for this specific situation?
I'm a bit overwhelmed by all the alternatives, variables, and my situations (40+, retirement assets <$100k). Any help or pointers on this rollover problem, or how to self-educate on managing my retirement better, etc. would be greatly appreciated!
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