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Prudential 401K plan
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<blockquote data-quote="pretender" data-source="post: 1096717" data-attributes="member: 1493"><p>First of all, even though there is probably a better way to do it, at least you are still putting money aside! </p><p></p><p>You cannot transfer funds from you IRA or Mutual Funds into your Roth 401K. However, you are allowed to set up a Self Managed Account within your 401K. This would enable you to continue purchasing UPS stock, and you would not be taxed on it. My only concern would be that depending on how much UPS stock you already have, you may want to diversify. As Upstate said, another option is to just invest in one of the Bright Horizon Funds. (I would also put a portion in the REIT index fund.) If you do decide to open a Self Managed Account, for $69 per quarter, you could sign up with Smart 401K--They provide mutual fund recommendations base on your age and risk level. It is a good starting place for a novice investor.</p><p></p><p>I should also note that you would not be able to get the employee discount if you purchase UPS stock in a Self Managed Account--another reason to diversify.</p></blockquote><p></p>
[QUOTE="pretender, post: 1096717, member: 1493"] First of all, even though there is probably a better way to do it, at least you are still putting money aside! You cannot transfer funds from you IRA or Mutual Funds into your Roth 401K. However, you are allowed to set up a Self Managed Account within your 401K. This would enable you to continue purchasing UPS stock, and you would not be taxed on it. My only concern would be that depending on how much UPS stock you already have, you may want to diversify. As Upstate said, another option is to just invest in one of the Bright Horizon Funds. (I would also put a portion in the REIT index fund.) If you do decide to open a Self Managed Account, for $69 per quarter, you could sign up with Smart 401K--They provide mutual fund recommendations base on your age and risk level. It is a good starting place for a novice investor. I should also note that you would not be able to get the employee discount if you purchase UPS stock in a Self Managed Account--another reason to diversify. [/QUOTE]
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