TiredinTX
Dryer sheet wannabe
- Joined
- Jan 28, 2008
- Messages
- 17
Hi all, I haven't been around to post in quit awhile. Life happens. Appreciated all the past advise and once again find myself looking to you all for help.
I did read many blogs and books back in 2008, but we really didn't have enough saved to put my new found knowledge into practice as far as investing goes. By the looks of all the books I purchased and bookmark related finance sites, it would appear I should know more, but if you don't use it, you loose it! We focused on some other aspects of our finances and now have several exciting financial changes taking place at our home which should allow for much more focus on investments.
My husband, 63 is changing employers. I am 44. My previous posts can fill you in to the entire second marriage, starting over from scratch 12 yrs ago story.
At present I am really stressing myself out over what to do with the 401k and the pension held with his current employer.
My husband has never had interest in investing. I enjoy it, but just can't sort through all the different aspects and opinions you come across reading online. That is what I have been doing the last week and am finding it's just to much to process. For me it's clouding what should be an exciting positive change in our lives.
So there is 240K in the 401K. It consists of 11% company stock and the 89% in a stable value fund. Back several years it was more diversified and it always seemed everything was in the red. I was uncomfortable with that and just decided to worry about keeping what money we had safe rather than keep loosing it little by little. There is 86K in the Pension.
Obviously, we are not in a position for allot of risk with our investments due to my husbands age.
My understanding is most don't promote leaving money with the previous employer or in rolling it over to the new employer. So where is a safe place for it to go? Should it all go to one place?
Should the company stock we have not be rolled over due to some tax advantages?
Vanguard seems to be a top choice by many, but then I also read about it's high expenses for brokerage services. I also read that the brokerage is more protected then the fund manager portion of Vanguard which is what I think I would actually be interested in for conservative investments.
There are so many different types of investments, and places to invest, all with different fees, ugh. How do I sort through all these different aspects and choices? It would take forever to sort through all that and the histories of the potential choices. I'm looking to you all for help in getting it right.
I did read many blogs and books back in 2008, but we really didn't have enough saved to put my new found knowledge into practice as far as investing goes. By the looks of all the books I purchased and bookmark related finance sites, it would appear I should know more, but if you don't use it, you loose it! We focused on some other aspects of our finances and now have several exciting financial changes taking place at our home which should allow for much more focus on investments.
My husband, 63 is changing employers. I am 44. My previous posts can fill you in to the entire second marriage, starting over from scratch 12 yrs ago story.
At present I am really stressing myself out over what to do with the 401k and the pension held with his current employer.
My husband has never had interest in investing. I enjoy it, but just can't sort through all the different aspects and opinions you come across reading online. That is what I have been doing the last week and am finding it's just to much to process. For me it's clouding what should be an exciting positive change in our lives.
So there is 240K in the 401K. It consists of 11% company stock and the 89% in a stable value fund. Back several years it was more diversified and it always seemed everything was in the red. I was uncomfortable with that and just decided to worry about keeping what money we had safe rather than keep loosing it little by little. There is 86K in the Pension.
Obviously, we are not in a position for allot of risk with our investments due to my husbands age.
My understanding is most don't promote leaving money with the previous employer or in rolling it over to the new employer. So where is a safe place for it to go? Should it all go to one place?
Should the company stock we have not be rolled over due to some tax advantages?
Vanguard seems to be a top choice by many, but then I also read about it's high expenses for brokerage services. I also read that the brokerage is more protected then the fund manager portion of Vanguard which is what I think I would actually be interested in for conservative investments.
There are so many different types of investments, and places to invest, all with different fees, ugh. How do I sort through all these different aspects and choices? It would take forever to sort through all that and the histories of the potential choices. I'm looking to you all for help in getting it right.