401k

Terry Says

You're probably better off rolling it directly into an IRA rollover account.  Your employer's fund investment choices are likely primarily designed for people trying to grow their assets.  But now you need growth, but also some more conservative choices for a part of your money.  BUT -- and I put that in caps on purpose -- the real danger is that you will fall into the hands of some unscrupulous financial "advisor" who will charge big commissions and fees, and suggest inappropriate investments when you do your rollover.  That's why I ALWAYS suggest you contact Fidelity (1-800-FIDELITY) or Vanguard (1-800-VANGUARD) to handle the rollover.  They are the low-cost investment providers and will give you free advice on which funds are the most appropriate! Or you can contact a fee-only Certified Financial Planner (www.feeonly.org) and get more help with your financial planning, including tax and estate planning.