Posted: 5/16/2015 7:27:41 PM EDT
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I have about 50,000 in a 401k at a company that I no longer work for. I'll be 51 in July. I don't plan on making any future contributions to it and I am semi-retired/self employed. I'm thinking that I will roll it over into a Vanguard Life Strategy Growth IRA or a Vanguard Target Retirement 2025 or 2030 IRA until I can withdraw it penalty free. The reason I'm leaning toward Vanguard is their low expense ratios and their fund rankings. Any reason not to do this? Any advice is appreciated. |
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That's what I did, so I approve.
You don't have to put it all in a Target Retirement Fund. I did mine before they had those, and recently moved a couple of the not-so-great performers into a Target Fund. Just more choices...look at all of their funds and see if the histories make you want to put some money into them. |
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Quoted: That's what I did, so I approve. You don't have to put it all in a Target Retirement Fund. I did mine before they had those, and recently moved a couple of the not-so-great performers into a Target Fund. Just more choices...look at all of their funds and see if the histories make you want to put some money into them. |
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I've always rolled mine to an IRA. The only benefit the 401k has over the IRA is it's harder to take in a lawsuit or bankruptcy. http://www.latimes.com/la-ira-story3-story.html |