My DH (54yo) has a 401k worth about 106k with Fidelity investments - PIMCO-Bond (10k) and Spartan 500 Index (96k).
He is no longer with the employer that offered the 401k and his new employer does not offer any retirement benefits.
My question is, is it better to leave the 401k in Fidelity untouched and just start a new IRA going forward or should he roll the 401k to a IRA?
It's rather unfortunate that he doesn't have a good retirement vehicle now; he had just started making catch-up contributions but now it seems like we are forced to slow down our tax advantaged savings.
I guess my second question then is, is there some retirement vehicle that we may be overlooking that would offer better options than a $6,500/yr contribution?
Thank you all for your help/suggestions/comments
He is no longer with the employer that offered the 401k and his new employer does not offer any retirement benefits.
My question is, is it better to leave the 401k in Fidelity untouched and just start a new IRA going forward or should he roll the 401k to a IRA?
It's rather unfortunate that he doesn't have a good retirement vehicle now; he had just started making catch-up contributions but now it seems like we are forced to slow down our tax advantaged savings.
I guess my second question then is, is there some retirement vehicle that we may be overlooking that would offer better options than a $6,500/yr contribution?
Thank you all for your help/suggestions/comments