Message Font: Serif | Sans-Serif
No. of Recommendations: 0
davisj wrote:

I am 57 years of age and retiring at the end of this year and will have 401K(about 230k) and lump sum(about 80k) from my
employer's retirement plan to deal with. I currently have no intention of touching this money before I'm at least 59 and 1/2.
Have been considering rolling both into a single self directed rollover IRA at a major brokerage firm. Does this make sense?
All help/advice greatly appreciated.

Just my $.02 worth, but does "major brokerage firm" mean "full price"? It would be worth investigating whether a discount brokerage could meet your needs.
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.