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In response to "Ok, Roth IRA time... tell me if I'm on target.." by colin

yes. -- nm

Posted by Diva (aka Diva) Oct 30 '13, 09:35

(No message)

Responses:

awesome. i need to get one opened. Fidelity ok? I have a 401k with them.. also, should I be rolling my old 401k into something? - colin Oct 30, 09:40 34
- Depends. You need to compare fees and investment before doing so - decline Oct 30, 09:56 4
  - Old 401k doesn't cost me anything (that I can tell) and it's got a good set of investments available. - colin Oct 30, 10:02 3
    - ytd is not what to look at. You need to look at your Annual Fee Disclosure (it's also called the 404(a)-5 disclosure). - decline Oct 30, 10:05 2
      - continued: Plans often have access to better funds than you can get at the retail level - example inside - decline Oct 30, 10:12 1
        
        ah, ok. that's good info, i didn't know that. -- nm - colin Oct 30, 10:39
- I just switched this morning from vanguard to wells fargo. I was happy-ish with vanguard, but I *love* my WF broker so I want to give him *all* of my - peggy ann mcamanda Oct 30, 09:51 7
  - I like the Vangard index funds. Fidelity seems expensive for stock accounts, but I already am holding some from the purchase plan at the last job. -- nm - colin Oct 30, 10:00 2
    - The Fidelity Index funds are not comparable for being low-cost -- nm - decline Oct 30, 10:05
    - 7.95 for stocks at Fidelity isn't too bad. There are better and worse out there. -- nm - ty97 Oct 30, 10:03
  - I've got Fidelity, Scottrade, and Schwab. My etrade account still exists, but I don't use it. - ty97 Oct 30, 09:52 3
    - I love scottrade's website. it's so *clean.* -- nm - peggy ann mcamanda Oct 30, 09:59 2
      - I just signed up last month with them -- their site is okay -- their news is really weak - Will Hunting Oct 30, 10:02 1
        
        I love how when you google a stock symbol, often the first result is yahoo finance. even google knows yahoo is king of free finance. -- nm - peggy ann mcamanda Oct 30, 10:04
- IIRC, Fidelity scored abysmally on HRC's benefit guide for same sex couples (buy my 401K and a personal portfolio are with them) - ty97 Oct 30, 09:49 4
  - reminds me, I've got a small amount in a fidelity 401(k) from a previous job, I should probably do something with it. -- nm - znufrii Oct 30, 09:50 3
    - and once I get my new job, I'll need to figure out what to do with my current 401(k) as well... -- nm - znufrii Oct 30, 09:52 2
      - wait until you get a new job and roll over current and old at once. -- nm - peggy ann mcamanda Oct 30, 10:17 1
        
        yup -- nm - znufrii Oct 30, 10:26
- sure. and roll the old 401K into it. -- nm - Diva Oct 30, 09:47 1
  - well, just keep in mind if you do that, you may not be able to then roll the 401(k) money back out to another plan - decline Oct 30, 09:55
- Get as much free money as you can. Usually this means taking advantage of employers' 401(k) match. - nubby Oct 30, 09:46 13
  - current employer matches $1.33 for every dollar in up to 6%.. i'm maxed there. the old 401k still is making money, has investment choices - colin Oct 30, 10:03 1
    - I would really just roll it over to save the hassle of logging in and checking, managing two accounts. - peggy ann mcamanda Oct 30, 10:06
  - Hijack. Say I give 4% more than my employer match percentage to my 401K. Should I put that 4% in a Roth IRA instead? -- nm - ty97 Oct 30, 09:47 10
    - It really depends - same thing as I said above about fees and investments - decline Oct 30, 09:58 3
      - 97, decline is a tax professional and is saying mostly what I said. -- nm - peggy ann mcamanda Oct 30, 10:03 2
        
        well more of a retirement professional - decline Oct 30, 10:15 1
        
        sorry. "97, decline is dollar sexy and is saying...." better? -- nm - peggy ann mcamanda Oct 30, 10:17
    - It depends on the conditions of the 401(k). Put your money where it will (a) grow the best and (b, if there's a tie) be as liquid as possible. -- nm - nubby Oct 30, 09:52 4
      - I have a very good 401K program, many options, low costs. - ty97 Oct 30, 09:55 2
        
        you won't get much better investments choices than you have in your 401k -- nm - decline Oct 30, 10:00 1
        
        and I mean your employer specific one (not 401k in general) -- nm - decline Oct 30, 10:06
      - Personally, the state operates on fixed-contribution, so I have zero choice. -- nm - nubby Oct 30, 09:53
    - I think yes, as you know. but I think it might depend on how aggressively you manage to your AGI. -- nm - peggy ann mcamanda Oct 30, 09:50

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