Ask Terry Questions Rollover Simple IRA

Rollover Simple IRA

By Terry Savage on October 17, 2022 | Financial Planning / Retirement

I have around 100,000 50/50 Income Fund of America 306 and Balanced Fund 311.
Will rollover to my Fidelity 401k account. This is 1/3 of my retirement fund. What should I do?

Terry Says

Wait — I think you have this messed up. Please answer these questions:
Are you still working and contributing to a 40l(k) plan?
Are you retired and thinking of doing a rollover TO a Fidelity Rollover IRA?
Where are these funds you described right now?
Where is the rest of your retirement fund if this is only one-third of your money?

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