So here's my situation. I'm 33 and my wife is 38. My salary has increased drastically in the last 1 year to around $200k. Abount a year ago my wife quit her job to take care of our daughter. She may or may not return to conventional employment in a couple of years. My first question concerns recommendations on what to do with her old retirement accounts:IRA rollover with American Century ,$4k401(b) and 403(a), $60kTIAA-CREF account (pretax/ tax-deferred, but not sure what type), $8500My CFA really likes TIAA-CREF and wants to keep that account there. We are looking into switching the other two account to a different brokerage. CFA favors Schwab and I like what I've heard about Vanguard.We also need to change allocation and go exclusively with low cost index funds. I am not familiar with the mechanics of such transfers, and I don't want to make any mistakes and have to pay fees or penalties. Any toughts on this?My employer has set up a defined benefits program and I have the option of contributing to a 401k, but they do not match contributuions. Instead, the contribute $25k/yr into this retirement plan under ERISA regardless of any contribution I make. I have chosen to NOT contribute into the 401k. Last year, I did set up a solo 401k account with Schwab ($4000)under a separate self-employment business My projections show that these funds should probably pay for retirement at 65. I made this decision because I would like to have the freedon to stop working earlier, and I don't want to pay early-withdrawal penalties on those accounts, so I don't want to overfund them.In less than a year I will become partner of our group, and profit sharing may bring an aditional $200k/yr distributed monthly. Currently my net worth is negative, and debt repayment will be part of the strategy, but I plan to use the bonus money to mostly buy/sell/rent real estate. Is this Foolish or foolish of me? Since plan 1 is the "safe" retire at 65 with the above funds in 100% low cost index funds, I would like to be more aggressive with plan 2 which deals with what to do with the "bonus" money.As alway all comments and suggestion are appreciated.Cesar
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