Need advice on where to rollover 401k's | TigerDroppings.com

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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

Need advice on where to rollover 401k's


I have a few 401k's and one state retirement plan from when I worked for LSU hospital. I would like to roll them into an IRA somewhere to keep better track of them.

Where is the best place to start an IRA and why is it the best?



Another question, my current employer does not contribute at all to my 401 but I am requires to contribute a minimum of 3%. Beings they do not match, should I continue to put only 3% and put the rest of my contributions into a Roth?

TIA



This post was edited on 2/28 at 12:44 pm



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Janky
LSU Fan
Team Primo
Member since Jun 2011
7352 posts

re: Need advice on where to rollover 401k's


Next time you are buying lump for the BGE walk next door or Vanguard would be my advice.


This post was edited on 2/28 at 8:19 am


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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


You work next door?







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Janky
LSU Fan
Team Primo
Member since Jun 2011
7352 posts

re: Need advice on where to rollover 401k's


yep





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poule deau
Member since Jan 2009
982 posts

re: Need advice on where to rollover 401k's


quote:

Vanguard


gets my vote






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


What makes vanguard better than the rest?





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poule deau
Member since Jan 2009
982 posts

re: Need advice on where to rollover 401k's


quote:

What makes vanguard better than the rest?


My personal experience:

easy on line set up/rollover process
good interactive website
easy to set up payroll deferals with automatic deposit
index funds have extremely low expense ratios







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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
9666 posts

re: Need advice on where to rollover 401k's


I think expenses/fees are low for Vanguard and they have good index/mutual funds.

ETA: I still think Fidelity is up there with Vanguard though. They have a large selection of funds.



This post was edited on 2/28 at 12:32 pm


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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: Need advice on where to rollover 401k's


quote:

Need advice on where to rollover 401k's


Just did it... Vanguard all the way






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


My new job uses T Rowe price, what's the boards opinion on them?





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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


quote:

Just did it... Vanguard all the way
You rolled over to a traditional IRA?






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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: Need advice on where to rollover 401k's


quote:

You rolled over to a traditional IRA?


Yup... and then opened a separate Roth and maxed out my 2012.






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's








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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: Need advice on where to rollover 401k's


Its easy as shite and they will walk you through it if need be.

I picked the Target 2040 funds for mine






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


What's the limit one can rollover into a traditional IRA?


This post was edited on 2/28 at 12:49 pm


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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: Need advice on where to rollover 401k's


quote:

What's the limit one can rollover into a traditional IRA?


I'm pretty sure there is no limit






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


Okay. Wasn't sure





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Lsut81
USA Fan
Member since Jun 2005
63217 posts

re: Need advice on where to rollover 401k's


877-662-7447

Give them a call... They are super helpful and have always been on the phone within 30 seconds when I have called.






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Uncle JackD
LA-Lafayette Fan
Team BGE
Member since Nov 2007
44710 posts

re: Need advice on where to rollover 401k's


Appreciate the info.





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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
9666 posts

re: Need advice on where to rollover 401k's


quote:

My new job uses T Rowe price, what's the boards opinion on them?


Not that good, IYAM. My job has them as options but I dont use them.






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