target2019
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Looking to clear my head about current 401(k) which is managed by ING. I just signed severance papers with employer. It was expected (for a year or two) and was not voluntary. It is a life milestone that is recorded now, and we will go forward.
I need to decide:
Should I leave the 401(k) with ING for the near future, or rollover to Vanguard or another institution?
My thinking may be incomplete, so I ask for any comments that may relate to this decision.
Factors in favor of leaving 401(k) with ING
Not shown in the picture is additional 7% cash in a taxable account that we have to pay expenses for 2-3 years. We have no debt, own a house and a few cars.
Should I leave the 401(k) with ING, or rollover to an IRA brokerage at another institution?
I need to decide:
Should I leave the 401(k) with ING for the near future, or rollover to Vanguard or another institution?
My thinking may be incomplete, so I ask for any comments that may relate to this decision.
Factors in favor of leaving 401(k) with ING
- We are already Voyager Select at Vanguard (VG), and a rollover would not put us into Flagship status.
- Fees are very low in the 401(k). Probably as low as VG institutional.
- Age is beyond 59.5 and can take withdrawals
- Additional asset protection
- Access to Stable Value Fund (but it is not a good performer)
- No additional decisions to make at this time
- Could possibly rollover to another employer's 401(k) in the future (not likely at this time).
- Easier to balance/integrate asset allocation choices
- Establish brokerage account with low trading fees
- Access to greater selection of investments
- Free ETF and funds (VG)
- Already established bank transfers
Not shown in the picture is additional 7% cash in a taxable account that we have to pay expenses for 2-3 years. We have no debt, own a house and a few cars.
Should I leave the 401(k) with ING, or rollover to an IRA brokerage at another institution?