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To: alarm rider
In retirement, the #1 goal for most people is preservation of funds.
I suggest rolling over to a Roth IRA, then invest the money in the highest fixed rate fund you can find.
Your investment won't increase with market highs, but you'll also never lose money when the market tanks.
P.S. You'll be able to sleep at night too.
14 posted on 11/08/2010 7:21:50 AM PST by oh8eleven (RVN '67-'68)
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To: oh8eleven

... having worked in the 401k field for 15 years, I don’t understand the reasoning for rolling to a ROTH since you have taxes due IMMEDIATELY (4/11). IF you are going to spend the proceeds in the next 7 years, then , yes Roth is an option with the strung out tax payment option. But if you are going to spend the IRA money last, roll it directly to Schwab/Fido and invest 100 cents of every dollar until you are over 70 and have to begin mandatory distributions at your lower tax/income rate after years of continued compounding growth. Both Schwab and Fidelity are offering FREE ETF lineups which will give you easy, diversified investment options and they both have managed asset programs with advisors who are not commission driven for those who want help with advice.

ymmv


16 posted on 11/08/2010 7:55:06 AM PST by ElectionInspector (Molon Labe...)
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