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re: 19k from previous employer 401k

Posted on 2/21/17 at 12:53 pm to
Posted by BoogaBear
Member since Jul 2013
5611 posts
Posted on 2/21/17 at 12:53 pm to
We have a 2-3 month emergency fund.

I just didn't know if there was a huge difference between employer 401k and rollover IRA. If there wasn't much of a difference, why not keep it in employer IRA to have that option.

Thanks for the help, I started the process of rolling it into an IRA with Fidelity. Chose Fidelity simply to have one place to view everything.

Recommend any funds?
Posted by kaaj24
Dallas
Member since Jan 2010
621 posts
Posted on 2/21/17 at 1:02 pm to
You can increase your emergency fund by investing in a Roth IRA (if eligible) if you don't feel 2 - 3 months provides enough cushion. That way you don't have too much idle cash.

I personally like Vanguard ETFs like VTI or VOO (both are stock index funds).

You may consider retirement date funds as they are great for people who don't have the time and/or interest to track investments and allocations.

Make sure to be aware fees before you invest. It does make a significant difference over 25 years.
Posted by notsince98
KC, MO
Member since Oct 2012
18076 posts
Posted on 2/21/17 at 1:09 pm to
Since your work has a deal with Fidelity, your work should have a financial adviser from Fidelity assigned to your work. You should contact them for investment advice. They can give you advice that would normally not be free and they will be very familiar the Fidelity IRA options.
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