re: 401k Rollover advice needed........

quote:

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Would it be better to roll it over to a Vanguard type or account, or have the previous account balance compound and aid growth of new 401K monies added?

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If you were to pick similar investments (same share classes) in both accounts, there would be no percentage difference in the returns that I can think of.

One advantage to the 401k that I can think of: if you happened to get laid off, quit or retire at 55+, you could access the 401k without penalty, whereas you'd have to wait until 59 1/2 to access the IRA without penalty. But if that doesn't seem likely, I'd probably roll it into an IRA, as the fees should be less, you'd have complete control and you'd likely have a wider fund selection, especially with a company like Vanguard. The fund offerings that I had with John Hancock were pretty paltry - a few Vanguard funds, but loads of high fee, under-performing junk funds.