I need advice on 401K

[Brownslave688]

Sorry I forgot that I cant just roll it over to a Roth. When I contribute to Roth, just zero in what I've been putting in my original 401k, then put that percentage towards Roth?

Yeah pretty much. Just change all future contributions to Roth only.

 

[Damondogg]

What's difference between Roth 401K and Roth rollover?

 

[Overpaid Union Thug]

Currently I'm 5% invested in traditional 401K, looking to rollover into Roth 401K. My allocations are in the bright horizon 2035 fund. You all think I should stick with both 401Ks or rollover in the Roth? Thinking of jumping to at least 10%

Aren't the Bright Horizons the ones with higher fees? That was mentioned somewhere else on here.

 

[The Driver]

Aren't the Bright Horizons the ones with higher fees? That was mentioned somewhere else on here.

Yes. They are currently about 3x higher on the fees than just investing in the S&P 500 index fund.

 

[Overpaid Union Thug]

Yes. They are currently about 3x higher on the fees than just investing in the S&P 500 index fund.

I am throwing some into four different funds. Including the S&P 500. Just one doesn't seem safe.

 

[UpstateNYUPSer(Ret)]

I personally like the BH funds (set it and forget) and like to dabble in the stock market through the SMA.

I don't like watching my balance free fall.

 

[The Driver]

I am throwing some into four different funds. Including the S&P 500. Just one doesn't seem safe.

Right now I'm:

40% S&P 500
20% S&P 400 Midcap
20% International
20% Bond Market

Roth 401(k)
15% contribution

I also started an Ameritrade account and am playing around with the app and website. Sometime in the future I might start speculating on individual stocks.

 

[The Driver]

I personally like the BH funds (set it and forget) and like to dabble in the stock market through the SMA.

I don't like watching my balance free fall.

Is the SMA you're referring to accessed through Prudential or somewhere else?

 

[Overpaid Union Thug]

I personally like the BH funds (set it and forget) and like to dabble in the stock market through the SMA.

I don't like watching my balance free fall.

SMA? Is that on the Prudential site we use to allocate funds?

 

[Overpaid Union Thug]

Right now I'm:

40% S&P 500
20% S&P 400 Midcap
20% International
20% Bond Market

Roth 401(k)
15% contribution

I also started an Ameritrade account and am playing around with the app and website. Sometime in the future I might start speculating on individual stocks.

Mine is similar only I am split between the traditional and Roth.

 

[BakerMayfield2018]

Put the $ under your mattress.

 

[The Driver]

Put the $ under your mattress.

You mean the 3 to 6 month emergency fund?

 

[UpstateNYUPSer(Ret)]

Is the SMA you're referring to accessed through Prudential or somewhere else?

SMA? Is that on the Prudential site we use to allocate funds?

Yes.

 

[The Driver]

Yes.

I'm looking at the different account types right now and don't see SMA anywhere. Do you just mean the After-Tax account type or am I missing something obvious here?

 

[UpstateNYUPSer(Ret)]

It's on the home page.

 

[Damondogg]

With Roth I'm contributing 5%. In Roth plan, it's only after tax right?

 

[IVE GOTTA PACKAGE 4U]

With Roth I'm contributing 5%. In Roth plan, it's only after tax right?

Yes

 

[UPS4Life]

Hopefully everyone is raising their allocations with the sale the market is having now.

 

[By The Book]

Hopefully everyone is raising their allocations with the sale the market is having now.

Seems like when The Dow closes down, so do the Asian markets.,and the reverse. I kind of feel making a move may be like catching a falling knife. I'm going to have to wait because I'm top heavy equities.

 

[UPS4Life]

So was anyone brave enough to check their 401k after yesterday?