Talk of The Villages Florida - View Single Post - Advice pls
Thread: Advice pls
View Single Post
 
Old 02-02-2021, 11:40 AM
Birdbathbabe Birdbathbabe is offline
Junior Member
Join Date: Aug 2020
Posts: 9
Thanks: 72
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by retiredguy123 View Post
I would suggest that you set up an IRA account with Vanguard or another low cost investment company. Then, do a direct transfer of all assets from the 401K account into the IRA, and maintain a similar asset allocation. I would not feel comfortable leaving my money in a 401K plan when an IRA allows me to totally control the assets and how they are invested. And, you will probably save money on the management fees. It was one of the first things I did when I retired.
Thanks