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Financial Planning / Foolish 401(k)s


Subject:  401K rollover? Date:  3/17/2005  7:46 PM
Author:  Wildcat1199 Number:  18714 of 26127

I have been posting on the debt thread. I also have a ? pertaining to my 401K. I have about 50K left in my 401K from former employer. I am deciding whether to roll it to current employer's 401K plan (vanguard) or whether to meet with a private Financial Planner & open an IRA in my name. My CPA referred a FP. He is not fee paid--he take 1% year, so roughly $500 year. I def. want to take it out of former plan--Putnam. But $500 per year is alot! I know very little about what to invest in. That is why I do 401K. Can people here suggest/direct me on what to do with my 50K---where to invest it? I am 36, female, single. Young enough to keep taking risks. Thanks!

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