UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Rutabaga2000 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76106  
Subject: Where to from here? Date: 3/30/2000 4:32 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
So here I am, 26 years old, and Foolish enough to be spending time thinking about my retirement. I recently changed jobs, and have about $5,000 in a 401(k) account with my previous employer. In a few months, I'll be able to take part in my new company's 401(k) if I so choose. Here's the dilemma. The 401(k) here contains no index funds. We have a raft of Kemper mutual funds available. I understand that I could roll that money into an IRA or a ROTH IRA - I'w under the income cut-off. But doing that involved taking a tax hit now. Am I better served by moving my money to the new 401(k) and guessing at the best funds in the basket, or by dropping my $5K plus $2K/yr. into a F4 port in an IRA? Any help would be appreciated.

P.S. I did send The Letter to our 401(k) plan administrator advocating index funds.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Apple

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement