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I just decided to roll over a good chunk of change (around $130k) from a pathetic variable annuity (that a former financial advisor got me into back when I was prey) into my Vg IRA. I have to take a 5% penalty to do it now, but the expense ratio alone is more than 1% greater than Vg, not to mention the performance issues. Hurts to pay that penalty, but should make it up within 3-5 years and then it's all gravy.
Should I just stuff the whole thing into my Vg mod allocation fund (a blended fund of funds, around 60:40) or should I stash in in my MMF and dole it out over a couple of years? I've heard that DCA may not always be the right choice with lump sum deposits and stocks are a bit low these days. What to do?
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Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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