Can you help me with a 401k question?
Can you help me with a 401k question?
Eight months ago I lost my job. My 401k is still sitting with my previous employer. I know should move my 401k money to an IRA, but there are so many options I don't know which I should choose. There are the big guys like Fidelity and the little guys like every bank on every corner. How do I know what's best for me? Any advice would be helpful and appreciated.
Answers:
STEVEN F: Talk to a LOT of the companies. You are not really looking for the best investments. You are looking for someone that will TEACH you to make your own decisions.
2008-04-28 18:25:45
2008-04-28 18:25:45
Chosen Answer
Billie: Find someone with the "heart of a teacher" Dave Ramsey has some on his site, under ELP (endorsed local providers)
2008-04-28 18:34:55
Billie: Find someone with the "heart of a teacher" Dave Ramsey has some on his site, under ELP (endorsed local providers)
2008-04-28 18:34:55
Common Sense: Stay away from banks and insurance companies. For most people there are enough options at anyone of these;
Charles Schwab Inc.
Fidelity Investments (brokerage).
T. Rowe Price
Vanguard
I think the best choices are the first two.
2008-04-28 20:25:20
2008-04-28 20:25:20