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Author: alpine1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75636  
Subject: Young guy with small 401(k) changing jobs... Date: 7/27/2000 9:49 PM
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Hey folks..

I'm 23 and have been contributing to my company's 401(k) since I graduated college a year and a half ago. I've got about $4000 in there now. I'm about to change jobs, including about a 30% raise, but the benefits do not include a 401(k). I'm looking for the best way to continue investing for the long-term. The new job is a two year contract, so after that time I may well be jumping back to a position with a 401(k). Should I move the money into an IRA? What about "cashing out," despite the penalties, and investing in an S&P Index fund? I plan to contribute 5-10% of my salary monthly to whatever strategy I end up going with. Salary is right at $60,000/year. Any suggestions would be much appreciated. Thanks..

Adam
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