OrangeBandit
Dryer sheet aficionado
Hello all! I stumbled across this site last week and boy am I impressed with all the knowledge and info. I can't stop reading on here.
Here is my scenario and I was hoping to get some good advice from all the "seasoned" investors/retirees. I'm 45 been with a mega corp for 20 years contributing to a 401k. I have no debt, house and all cars are paid for and we don't really live above our means, I would say we are frugal. When I get severed from the company I know I will have to roll the pension and 401k somewhere and that is one of my questions, where or what to do with it? I'm really inexperienced with all the investment strategies and seems like a lot to absorb. Oh, I wouldn't mind retiring in the near future if some of you think that would be possible with my paltry sum!!
Thanks, Bandit
$220k in 401k--Fidelity
$26k in Roth---Fidelity
$95k in pension
$77k in Quick Silver money market at credit union
$11k between checking and savings at credit union
Here is my scenario and I was hoping to get some good advice from all the "seasoned" investors/retirees. I'm 45 been with a mega corp for 20 years contributing to a 401k. I have no debt, house and all cars are paid for and we don't really live above our means, I would say we are frugal. When I get severed from the company I know I will have to roll the pension and 401k somewhere and that is one of my questions, where or what to do with it? I'm really inexperienced with all the investment strategies and seems like a lot to absorb. Oh, I wouldn't mind retiring in the near future if some of you think that would be possible with my paltry sum!!
Thanks, Bandit
$220k in 401k--Fidelity
$26k in Roth---Fidelity
$95k in pension
$77k in Quick Silver money market at credit union
$11k between checking and savings at credit union