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Subject:  Re: rolling over 401K Date:  11/27/2013  12:02 PM
Author:  culcha Number:  73851 of 78168

I am 58 and have have 10k in a 401k. It is not making any money and looses sometimes. I was thinking of rolling half into the motley fool 401k and half into a gold 401k. I am new to investing and would like some advice on how to roll this over and is this the best choice for me. Also what is a good gold 401k? Also what is the difference in a roth401k and is this a better choice?

I don't know what a Motley Fool 401(k) is -- and, personally, I'm really not into gold (and anyway, it seems to have risen lately, so I expect a decline is coming).

If you're still employed by the company in which you established your 401(k), you should check with the people there (probably HR) about the rules of their set-up, as different companies may have different rules.

As for the Roth 401(k), this would require you to include the 10k as income -- and pay income tax on it. With any kind of a Roth, you won't have to pay income tax on qualified distributions (whereas in a regular 401(k), you do.) So with rega