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401k rollover questions

Posted on 5/9/16 at 2:09 pm
Posted by BoogaBear
Member since Jul 2013
5559 posts
Posted on 5/9/16 at 2:09 pm
I have a 401k from a previous employer that I would like to do something with instead of just getting charged fees. It is with principle at the moment, around 20k.

I did some searching and it seems like rolling it into an IRA with vanguard is the popular option. Is this still the case?

If I do roll it over, how much managing will I have to do? I really don't know a lot about investing and what funds etc to pick.

New 401k is with fidelity if that matters?

Looking for a no hassle option if one exists.
This post was edited on 5/9/16 at 2:17 pm
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 5/9/16 at 2:16 pm to
quote:

Looking for a no hassle option if one exists.
Vanguard -> Put it in a retirement target date fund -> Forget about it
Posted by Jag_Warrior
Virginia
Member since May 2015
4084 posts
Posted on 5/9/16 at 6:50 pm to
Either is fine. They're both sound and highly rated companies. People just have preferences. Since you now have an account with Fidelity and you're something of a novice investor, you *might* find it easier to have both accounts with Fidelity. Follow your comfort level.

Only word of advice that I have: stay with target date funds or index funds/ETFs until you learn more about investing.
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