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Author: maudman Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Need Advice! Date: 7/3/1997 2:33 PM
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Hello! I'm probably one of the newest up and coming Fools. I've been investing in mutual funds for 8 years, and recently started getting the "itch" for more...then I discovered Fooldom. I've opened a new brokerage account with E*Trade, and I have an existing account with Olde...so I'm ready to start some *REAL* investing (as soon as I finish learning a little more. I'm halfway through the Motlley Fool book).

Anyway, that's not my problem. My wife and I each have an IRA with Invesco Funds group (over $7,000 each). I have a $10,000+ 401(k) from an existing employer that's been sitting in funds since I quit the job, and my current employer just started a 401(k) offering 8 fund choices from The Enterprise Group.

My plan is to move our IRA's over to Schwab so I can do more with them. However, I don't know what to do with my old 401(k). Do I move it into a Rollover IRA with Schwab so I can do some Foolish investing with it? Do I roll it into my current employers new 401(k)? I'm told that if I put it into a Rollover IRA, I can't contribute any more to it or I won't be able to ever roll it into any other retirement plan.

What is the best thing to do? I did start my new 401(k) with 10% of my pay and employers 5% match. Might as well get those deferred dollars in there, right? What to do with the old one is the question...

Any help, from anyone, would be GREATLY appreciated. I'm still learning the Fool's way, and I'm somewhat overwhelmed right now. I've also been reading some stuff by Wade Cook. His strategies seem VERY agressive, and I don't know if they would have the Fool stamp of approval on them! :-)

Thanks!

Dave
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