Long time listener, first time caller. I finally decided to roll over my 401k from my previous employer. I left that company about 6-7 years ago but I never pulled the trigger thinking that I didn’t want to lose the market momentum by basically selling everything in that 401k account and starting over in a new rollover IRA account.
However, I finally pulled the trigger because, as a lot of pundits said, we’re near the peak of the market so I don’t mind “realizing some gains” and get back to the market at lower cost basis. So I got about $300k sitting in my rollover IRA account and my plan is to buy equal amount in the next 6 months so I can get a better dollar cost average. For this account I’m following Bogglehead principles so each month I’ll buy about $50k with the following breakdown 60% VTI/25% VXUS/15% BND.
What do you guys think about this plan?
Thanks all.
However, I finally pulled the trigger because, as a lot of pundits said, we’re near the peak of the market so I don’t mind “realizing some gains” and get back to the market at lower cost basis. So I got about $300k sitting in my rollover IRA account and my plan is to buy equal amount in the next 6 months so I can get a better dollar cost average. For this account I’m following Bogglehead principles so each month I’ll buy about $50k with the following breakdown 60% VTI/25% VXUS/15% BND.
What do you guys think about this plan?
Thanks all.