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Recycles dryer sheets
I have 3 different 401k’s from three employers (Fidelity, Vanguard and Empower). I am thinking of consolidating everything into empower retirement account and simplifying the portfolio by putting around 90% of the value in state Street target retirement 2055 fund with 0.07% expense ratio.
My full retirement age year will be 2043 however, I am choosing target date 2055 fund to lean more towards % allocation towards stocks vs. bonds.
Do you see any flaw with this consolidation plan? Anything that I should consider before taking this action?
Would rolling into IRA and investing one of the 401K accounts in growth funds make sense?
Appreciate your inputs. Please let me know if you need any additional information.
My full retirement age year will be 2043 however, I am choosing target date 2055 fund to lean more towards % allocation towards stocks vs. bonds.
Do you see any flaw with this consolidation plan? Anything that I should consider before taking this action?
Would rolling into IRA and investing one of the 401K accounts in growth funds make sense?
Appreciate your inputs. Please let me know if you need any additional information.