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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: Re: 401K Date: 1/20/1998 9:27 AM
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Greetings, ENISTEM, and welcome.

<<Looking for some advice. A little background: I am 53 and have a 401K plan through my former company, a large electric utility. The plan is administed by ML, and there are several options for investing/moving my contributions, at no cost.

I understand it is best to move to another plan, I suppose because I cannot direct investment of the company contributions in the existing plan. I must admit that the company stock is not exactly setting the world on fire, but is holding its own in the current market.

What are your suggestions?>>

Bacon (Eric Hines) gave you a pretty good answer. If you haven't read his response yet, you should. The decision is not an automatic one. Instead, it's really one made based on your desires, goals, interest in managing your own investments, and risk tolerance. Follow Eric's suggestions, and you should be able to come up with a course of action that is satisfactory to you.


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