NFT: 401K plans - Best managers out there

For you. Just need bank account info

and you need estate/tax planning, you don't need to pay for it to be managed. Roll it into a traditional IRA and buy an S&P 500 index fund and don't look at it for 20 years.

your 401(k)?

That's what I'd do, no reason to leave it out on it's own unless you either can't roll it into the current one anymore or your current one has shitty investment options.

The only way I'd say it makes sense to roll it into something else is if that something else is a diversified investment vehicle - for example if it's a big chunk of cash and you're retirement age is coming into the picture and you want a fixed income portion of your portfolio like an annuity or annuity type vehicle (to replace a bond portion in a traditional portfolio)

at Fidelity or a discount brokerage like that. Call your 401k company where your money is and tell them you want to roll your 401k into an IRA at fidelity. They will send a check to you or fidelity to fund the account. Once the money clears, buy an S&P index fund.

basically i am asking for what are my options. i dont want it just sitting there(its making money but dont want to see where i can maximize it even further)

or you can call your current HR department and ask if you can roll it into your current 401k through your employer. Personally, I'd roll it into an IRA for a variety of reasons.

1. More control
2. More investment options
3. Lower fees
4. easier access

rolling it into an IRA and a rollover/traditional IRA is still a pre-tax retirement account.

You should be able to roll it into the 401k plan of your current/new employer.

Then you can keep all your funds/investments together

In comment 15286914 ImThatGuy said:

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You should be able to roll it into the 401k plan of your current/new employer. Then you can keep all your funds/investments together

i can roll it into my existing one for sure. Its just my existing one doesnt have good options so i figure i roll it into something new or if there is an even better option.

In comment 15286940 GMAN4LIFE said:

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In comment 15286914 ImThatGuy said: Quote: You should be able to roll it into the 401k plan of your current/new employer. Then you can keep all your funds/investments together i can roll it into my existing one for sure. Its just my existing one doesnt have good options so i figure i roll it into something new or if there is an even better option.

Ok then just call up Vanguard (or Fidelity, or Schwab ....) and open an IRA. Then you can pretty much choose to invest however you want

In comment 15286950 ImThatGuy said:

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Ok then just call up Vanguard (or Fidelity, or Schwab ....) and open an IRA. Then you can pretty much choose to invest however you want

This. In any of the big houses like these you can invest in anything you want. Mutual Funds including those from other firms, ETFs, stocks, whatever.

Just make sure to do a direct rollover. The money should go direct from your old 401K into the IRA. Don’t let your old company send you a check. If you do, you’ll have to pay the IRS taxes on the money now, or else you get hit with a penalty. You can request a refund of taxes paid on next year’s return after you’ve put the money in a IRA but you don’t want that hassle.

Put in an IRA, invest half in their large cap growth fund and put the rest in various funds you like. You won’t pay any fees that way. Managed funds charge you a percentage, no need for that.

Robo-manager, they'll take care of all the adjustments based on a risk profile questionnaire you fill out.

Up 14% in 6 months. Only catch is their management fee but it's not bad.

In comment 15286977 cjac said:

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Put in an IRA, invest half in their large cap growth fund and put the rest in various funds you like. You won’t pay any fees that way. Managed funds charge you a percentage, no need for that.

Mid Cap and Small Cap have had outrageous returns the past year.

If not I recommend setting up a rollover 401K at Vanguard. Lowest expense mutual funds in the industry

In comment 15286988 BigBlue89 said:

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Robo-manager, they'll take care of all the adjustments based on a risk profile questionnaire you fill out. Up 14% in 6 months. Only catch is their management fee but it's not bad.

The market has been on a tear for a while 14% is great but you probably done pretty good on your own without having to pay that management fee. careful of those robo-managers and I'm pretty bias to passive stuff only. Nobody can beat the market and those fees add up over time.

get my most bang for my buck on my 401k.

VTI
VXUS
BND
BNDX

Allocate these according to your risk profile / age

Thank me later in 30 yrs

hit it on the head. Open up a traditional IRA and roll your money into that. It's all pre-tax and you'll be able to invest in damn near anything you want. Not just the predetermined funds set up within a 401k.

I recommend Fidelity as well since they are commission free trading as well as have a number of zero expense funds. On top of that, you can also invest in stuff that's gone up in crazy multiples lately like GME or AMC.