401K

[Captfrankie]

I've had a 401K since its inception . Awhile back I moved everything into the stable value fund. I'm making about 2.5%. I'm looking at the Bright Horizon Options. Anyone Know what these plans are invested in ? I know i could have started drawing at 59.5 . If I put it in the 2050 could I start drawing just that interest per year? If not here , where do I look for the answers?

 

[fishtm2001]

I've had a 401K since its inception . Awhile back I moved everything into the stable value fund. I'm making about 2.5%. I'm looking at the Bright Horizon Options. Anyone Know what these plans are invested in ? I know i could have started drawing at 59.5 . If I put it in the 2050 could I start drawing just that interest per year? If not here , where do I look for the answers?

You need to have at least a third in the S&P imo

 

[Jkloc420]

I've had a 401K since its inception . Awhile back I moved everything into the stable value fund. I'm making about 2.5%. I'm looking at the Bright Horizon Options. Anyone Know what these plans are invested in ? I know i could have started drawing at 59.5 . If I put it in the 2050 could I start drawing just that interest per year? If not here , where do I look for the answers?

@IVE GOTTA PACKAGE 4U help him

 

[DriverNerd]

I've had a 401K since its inception . Awhile back I moved everything into the stable value fund. I'm making about 2.5%. I'm looking at the Bright Horizon Options. Anyone Know what these plans are invested in ? I know i could have started drawing at 59.5 . If I put it in the 2050 could I start drawing just that interest per year? If not here , where do I look for the answers?

They change based on how close they get to the target date. The ones farthest away are very aggressive and the ones with a closer target date are safer. It changes allocations along the way.

 

[Up In Smoke]

I've had a 401K since its inception . Awhile back I moved everything into the stable value fund. I'm making about 2.5%. I'm looking at the Bright Horizon Options. Anyone Know what these plans are invested in ? I know i could have started drawing at 59.5 . If I put it in the 2050 could I start drawing just that interest per year? If not here , where do I look for the answers?

Most banks are offering 4.5% or greater on money markets with balances greater then 25K. Rolling your 401K into a brokerage account simple IRA would be a reasonable thing to do. You could invest yourself and deposit/withdraw funds electronically whenever you need to. Never a bad idea to consult a wealth manager and or an accountant for advice.

 

[Captfrankie]

Most banks are offering 4.5% or greater on money markets with balances greater then 25K. Rolling your 401K into a brokerage account simple IRA would be a reasonable thing to do. You could invest yourself and deposit/withdraw funds electronically whenever you need to. Never a bad idea to consult a wealth manager and or an accountant for advice.

Thanks Up in Smoke. I had some investment guys on the boat this fall. They suggested the same. Rollover . I have a small Edward Jones account with a friend. I'll probably get with her to discuss it. If I could get 4.5 - 5 % , I could live off the interest.

 

[Up In Smoke]

Thanks Up in Smoke. I had some investment guys on the boat this fall. They suggested the same. Rollover . I have a small Edward Jones account with a friend. I'll probably get with her to discuss it. If I could get 4.5 - 5 % , I could live off the interest.

I'm retiring in April and have maintained my own retirement accounts from the first dollar. It is truly nothing to be afraid of. Gl.

 

[IVE GOTTA PACKAGE 4U]

@IVE GOTTA PACKAGE 4U help him

They should probably open a brokerage account

 

[Jkloc420]

They should probably open a brokerage account

You help him

 

[IVE GOTTA PACKAGE 4U]

You help him

I can't help anybody

 

[Brown Down]

Greg Kerwood has a group on facebook for 401k questions and advice. alot of great advice on there. i suggest asking those questions there.

 

[DELACROIX]

Most banks are offering 4.5% or greater on money markets with balances greater then 25K. Rolling your 401K into a brokerage account simple IRA would be a reasonable thing to do. You could invest yourself and deposit/withdraw funds electronically whenever you need to. Never a bad idea to consult a wealth manager and or an accountant for advice.

Are we talking about rolling a traditional 401k into a Roth IRA, if so do you still take that 20 % federal tax hit on any withdrawals?

 

[Up In Smoke]

Are we talking about rolling a traditional 401k into a Roth IRA, if so do you still take that 20 % federal tax hit on any withdrawals?

No, into a brokerage account as an traditional IRA. Roths are post tax retirement vehicles. Your 401k is most likely a pretax account.

 

[Up In Smoke]

When you rollover, you will be provided documentation showing where your money went for tax purposes.

 

[PreTrippin’]

Roth IRA for the win!

 

[MECH-II]

Cashing my 401k out next week buying a kubota !!

 

[Commercial Inside Release]

Cashing my 401k out next week buying a kubota !!

YOU'LL NEVER BE A CABIN DWELLER !!

 

[Over70irregs]

You need to have at least a third in the S&P imo

Ignore Black squares. Seriously.

 

[Babagounj]

Your investments should be into funds that have low fees.
S&P 500 is a good bet , if you can handle the risks. It's running at 5.2% YTD.

 

[oldngray]

Your investments should be into funds that have low fees.
S&P 500 is a good bet , if you can handle the risks. It's running at 5.2% YTD.

Its hard to beat the S&P 500 over the long term. Set it and forget it.