Ask Terry Questions Retired from job. What to do with the companies 401k plan.

Retired from job. What to do with the companies 401k plan.

By Terry Savage on December 31, 2022 | Financial Planning / Retirement

I have retired from my job with a major grocery store. I had a 401k plan with them. Fidelity is the investment company. I want to let the plan rollover. How do I find out what my funds are invested in. And can I or should I change them?

Terry Says

Read this: https://www.terrysavage.com/rollover-now/

This should be an easy task. It’s your job to choose the funds now in your new rollover IRA. Be fairly conservative. Use the balanced fund for some, perhaps some in the S&P 500 stock index fund, and don’t be afraid to leave some in the government securities money market fund.

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