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Personal Finance and Investing

Thunderbeast

(3,534 posts)

2. Roll it over into a brokerage IRA account at Fidelity or another low-cost broker.

Reply to IcyPeas (Original post)

Fri Feb 10, 2023, 07:04 PM

Feb 2023

Once there, sit down with one of their folks to assess your situation.

Pick a balanced fund for long-term, and a cash equivalent account for your short term (5-7 year) needs.

Fidelity has an excellent online retirement planning tool to help you make informed choices. I am sure other investment firms do as well.

Hey...If you are smart enough to hang out at DU, you can handle this!

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17 replies

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Highlight:

rolling over a 401(k) from ex employer into an IRA... [View all] IcyPeas Feb 2023 OP

Simple suggestion, gab13by13 Feb 2023 #1

Roll it over into a brokerage IRA account at Fidelity or another low-cost broker. Thunderbeast Feb 2023 #2

thank you for your reply. Fidelity gets good marks from what I have been comparing online IcyPeas Feb 2023 #9

Fidelity Bank (Trust) and Fidelity Investments are different companies. Thunderbeast Feb 2023 #15

I like Fidelity a lot wryter2000 Mar 2023 #16

I spoke with one of their fiduciaries last week for an hour... and IcyPeas Mar 2023 #17

The safest way is an institution to institution direct transfer -- the reason I say that progree Feb 2023 #3

thank you. good info and things to consider. IcyPeas Feb 2023 #10

As just stated above, do a direct institution to institution transfer if at all possible. Pobeka Feb 2023 #4

When my parents passed I was faced with the same type Phoenix61 Feb 2023 #5

Vanguard is famous for low fees. My wife is with them. But Tomconroy Feb 2023 #6

I agree, T.Rowe Price has good customer service IcyPeas Feb 2023 #11

I just called t Rowe price up and said I wanted to get Tomconroy Feb 2023 #14

Three places you are likely to get hit by fees: Wonder Why Feb 2023 #7

you gave me 2 great things to consider which I was not aware of. IcyPeas Feb 2023 #12

Investing in equities doesn't have to be hard or time consuming - just put it in an S&P 500 progree Feb 2023 #8

thank you IcyPeas Feb 2023 #13