Comments on: 401K Basics http://401krolloveranswers.com Preserve Your Retirement Thu, 26 Aug 2010 23:42:24 -0700 hourly 1 http://wordpress.org/?v=abc By: 401krolloveranswers http://401krolloveranswers.com/comment-page-1/#comment-3322 401krolloveranswers Thu, 26 Aug 2010 23:04:55 +0000 http://401krolloveranswers.com/?page_id=8#comment-3322 Hi Roberto, First, my standard disclaimer -- I'm an English teacher by trade, so you are getting my opinion and nothing more! $70 is a ton of money and you may want to stop by your bank or credit union and get some professional advice. BUT, since you asked, I would put the money into an IRA. So literally roll it over to an IRA. That way you can keep contributing and keep a close eye on the balance. There are tons of firms out there, so it is hard for me to give you much guidance on where to put the money. I would look for a firm with low maintenance fees and a good portfolio of funds to choose from. Depending on your age, you might want to do a standard 25% in small cap, 50% in blue chip and 25% in growth and income. I like working with credit unions, so you might check out one in your neighborhood. The most important thing is that you do NOT cash out the 401k! $70k is a great balance and you do not want to start over again. Hi Roberto, First, my standard disclaimer — I’m an English teacher by trade, so you are getting my opinion and nothing more! $70 is a ton of money and you may want to stop by your bank or credit union and get some professional advice. BUT, since you asked, I would put the money into an IRA. So literally roll it over to an IRA. That way you can keep contributing and keep a close eye on the balance.

There are tons of firms out there, so it is hard for me to give you much guidance on where to put the money. I would look for a firm with low maintenance fees and a good portfolio of funds to choose from. Depending on your age, you might want to do a standard 25% in small cap, 50% in blue chip and 25% in growth and income. I like working with credit unions, so you might check out one in your neighborhood. The most important thing is that you do NOT cash out the 401k! $70k is a great balance and you do not want to start over again.

]]> By: roberto baron http://401krolloveranswers.com/comment-page-1/#comment-3320 roberto baron Thu, 26 Aug 2010 22:13:27 +0000 http://401krolloveranswers.com/?page_id=8#comment-3320 My former employer sold his company and now my new employer don't have 401k. Please advise me on what to do with my 401k from the former employer/company. I have almost $70k on it. My former employer sold his company and now my new employer don’t have 401k. Please advise me on what to do with my 401k from the former employer/company. I have almost $70k on it.

]]> By: Quick Student Loans http://401krolloveranswers.com/comment-page-1/#comment-2032 Quick Student Loans Wed, 21 Jul 2010 14:06:49 +0000 http://401krolloveranswers.com/?page_id=8#comment-2032 I've certainly learned something new here! Thanks for the post. :) I’ve certainly learned something new here! Thanks for the post. :)

]]> By: penny stock newsletter http://401krolloveranswers.com/comment-page-1/#comment-884 penny stock newsletter Mon, 07 Jun 2010 06:51:54 +0000 http://401krolloveranswers.com/?page_id=8#comment-884 great post. What are your thoughts on 2009 vs 2010?.....i'm bullish here! great post. What are your thoughts on 2009 vs 2010?…..i’m bullish here!

]]> By: retirement savings http://401krolloveranswers.com/comment-page-1/#comment-801 retirement savings Wed, 02 Jun 2010 18:55:05 +0000 http://401krolloveranswers.com/?page_id=8#comment-801 I really liked your blog! It helped me alot... I really liked your blog! It helped me alot…

]]> By: Russ Hoffman http://401krolloveranswers.com/comment-page-1/#comment-643 Russ Hoffman Sun, 23 May 2010 13:40:49 +0000 http://401krolloveranswers.com/?page_id=8#comment-643 Nice! wonderful share,great article,very usefull for me,thanks ;-) Nice! wonderful share,great article,very usefull for me,thanks ;-)

]]> By: Lisette Schutte http://401krolloveranswers.com/comment-page-1/#comment-455 Lisette Schutte Fri, 30 Apr 2010 04:20:37 +0000 http://401krolloveranswers.com/?page_id=8#comment-455 Earlier, I was trying to get an RSS Feed to this blogsite but it is not showing up in Google Chrome. Any suggestions??? Earlier, I was trying to get an RSS Feed to this blogsite but it is not showing up in Google Chrome. Any suggestions???

]]> By: 401krolloveranswers http://401krolloveranswers.com/comment-page-1/#comment-161 401krolloveranswers Mon, 08 Mar 2010 13:49:40 +0000 http://401krolloveranswers.com/?page_id=8#comment-161 Hello Lernspielzeug -- Thanks for the comment. Most people find money topics confusing and they tend to think that they cannot spare even a dollar a week to put into savings. If I can help educate and encourage people to invest in their future then my job is done. Hello Lernspielzeug — Thanks for the comment. Most people find money topics confusing and they tend to think that they cannot spare even a dollar a week to put into savings. If I can help educate and encourage people to invest in their future then my job is done.

]]> By: Lernspielzeug http://401krolloveranswers.com/comment-page-1/#comment-159 Lernspielzeug Sun, 07 Mar 2010 17:49:49 +0000 http://401krolloveranswers.com/?page_id=8#comment-159 You created some incredibly good points there. I did a search on unique topic in addition found most people will agree with your weblog. You created some incredibly good points there. I did a search on unique topic in addition found most people will agree with your weblog.

]]> By: 401krolloveranswers http://401krolloveranswers.com/comment-page-1/#comment-74 401krolloveranswers Wed, 17 Feb 2010 02:16:19 +0000 http://401krolloveranswers.com/?page_id=8#comment-74 Hey DP, very good points! Thanks for adding them. I agree, especially #2. It can be a hassle to open an IRA and for a $1,000 rollover? True. Thanks for reading. Hey DP, very good points! Thanks for adding them. I agree, especially #2. It can be a hassle to open an IRA and for a $1,000 rollover? True. Thanks for reading.

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