I finally pulled the plug after 20 years working for a big firm, and decided to be my own boss.
My question is what to do with my 401(k)? $150K in a Roth 401(k), with the remaining $600k is a conventional $401(k). It is invested in a handful of mutual funds mirroring Dave Ramsey's International, Growth, Growth and Income, Aggressive Growth recommended split.
Is it best to roll it out to a TD Ameritrade/Charles Schwab type self managed account; move it to a stock broker (ML, Wells, etc); or leave it where it is?
I just turned 48 and my wife is 46. We have fully funded college funds for the 3 kids, paid for beach house and nearly paid for primary residence, a $25K Roth IRA that is in some growth fund, a municipal retirement plan for my wife, and some non-retirement funds (some managed at Wells, some self directed Index Funds at Schwab, some self directed individual stock picks at TD Ameritrade).
I am active in my community (president of the chamber, elected to county office, on several boards), and my wife is a part time judge and adjunct professor, so we are not ready to retire just yet, but I do plan to retire in 7 years at age 55.
My question is what to do with my 401(k)? $150K in a Roth 401(k), with the remaining $600k is a conventional $401(k). It is invested in a handful of mutual funds mirroring Dave Ramsey's International, Growth, Growth and Income, Aggressive Growth recommended split.
Is it best to roll it out to a TD Ameritrade/Charles Schwab type self managed account; move it to a stock broker (ML, Wells, etc); or leave it where it is?
I just turned 48 and my wife is 46. We have fully funded college funds for the 3 kids, paid for beach house and nearly paid for primary residence, a $25K Roth IRA that is in some growth fund, a municipal retirement plan for my wife, and some non-retirement funds (some managed at Wells, some self directed Index Funds at Schwab, some self directed individual stock picks at TD Ameritrade).
I am active in my community (president of the chamber, elected to county office, on several boards), and my wife is a part time judge and adjunct professor, so we are not ready to retire just yet, but I do plan to retire in 7 years at age 55.