Assuming you have the option to move your 401k funds to an IRA, your first consideration should be your existing 401K.Some plans are subsidized by your employer and can be less costly than an IRA. If you have a good plan with low costs and good investment choices, consider keeping it. Some companies do disappear, get acquired, go out of business. Your 401k is protected, but we hear from those who have trouble finding who has their money. If your company is an industry leader likely to be around long term, fine. If not, moving to an IRA is a good way to take charge of your funds, and you are free to pick your own custodian and move your funds in the future if your needs change or some other custodian has a better IRA.If you are an experienced stock picker, finding stocks that meet your requirements should not be difficult. You want a diversified portfolio. Otherwise, you should rely on mutual funds. An index fund is usually a good place to begin, but you may expand to include others as you become more experienced.
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