gem…if you worked for Fidelity and no longer do, you can definitely have them roll it into an IRA rollover. If it’s a true 401k and you no longer work for that firm, any firm, yes. In fact you will be required to do so.
Basically you find a broker (Fidelity) and they will send the paperwork to the ex-employer & manager of the 401 k and ask that the assets be transferred.
Dibs – I know – remember I am 35 and this is my 401K with my old company that of course am not putting ANY money into it b/c I am not working now – but I am impressed that I have built up a solid next egg on not knowing much. SO this is for the long term!
thanks I appreciate the help b/c none of my friends or family are in finance and i am always skeptical of planners – but between reading the WSJ and hitting you up for answers, I am doing pretty good!
Thanks for the contribution cmu. Your views on gun ownership are identical to those of Hitler, Stalin, Mussolini, the repressive Chinese state, and Kim Jong Il.
Why? Because you’re a liberal. The basic premise of your belief system is the supremacy of the state over the individual. You believe in forced redistribution of wealth. You do not believe in the sovereignty of the people and the supremacy of individual rights over collective action.
[actually I’m not sure you believe in anything; believing implies understanding, which you have never managed to demonstrate on any issue; but I guess I can say the people whose values you parrot believe in these things]
So congratulations. You share a value system with the worst tyrants in the world.
gem, that said, this is money that should be in the market long term. If you need any of it in the next year or two, it is very risky to keep it in the market. it should not be in stocks.
When people ask these sort of questions, they really should be talking to a financial planner.
By lechacal on November 4, 2010 9:48 AM
LIBERAL FASCISM….that is all.
gem…if you worked for Fidelity and no longer do, you can definitely have them roll it into an IRA rollover. If it’s a true 401k and you no longer work for that firm, any firm, yes. In fact you will be required to do so.
Basically you find a broker (Fidelity) and they will send the paperwork to the ex-employer & manager of the 401 k and ask that the assets be transferred.
So, the answer is Yes.
ishtar, those are utilities, not energy stocks.
They all have historically high yields and are great if you’re 55 like me and headed into retirement but not if you’re 30.
I’ve been buying SDRL, CVX & COP
If you want an interesting China growth utility, buy HNP…ield is 5.39%…I also own SO
Dibs – my 401K is with Fidelity so can’t i just call them up and have them roll it over?
What are some good energy stocks? I’ve been following ED, CNP, and DUK. Are there any other options for long term?
gem…get that 401 k into an IRA Rollover ASAP at a broker…Schwab or any of them…then you have A LOT more flexibility in how you invest it.
Dibs – I know – remember I am 35 and this is my 401K with my old company that of course am not putting ANY money into it b/c I am not working now – but I am impressed that I have built up a solid next egg on not knowing much. SO this is for the long term!
thanks I appreciate the help b/c none of my friends or family are in finance and i am always skeptical of planners – but between reading the WSJ and hitting you up for answers, I am doing pretty good!
Thanks for the contribution cmu. Your views on gun ownership are identical to those of Hitler, Stalin, Mussolini, the repressive Chinese state, and Kim Jong Il.
Why? Because you’re a liberal. The basic premise of your belief system is the supremacy of the state over the individual. You believe in forced redistribution of wealth. You do not believe in the sovereignty of the people and the supremacy of individual rights over collective action.
[actually I’m not sure you believe in anything; believing implies understanding, which you have never managed to demonstrate on any issue; but I guess I can say the people whose values you parrot believe in these things]
So congratulations. You share a value system with the worst tyrants in the world.
gem, that said, this is money that should be in the market long term. If you need any of it in the next year or two, it is very risky to keep it in the market. it should not be in stocks.
When people ask these sort of questions, they really should be talking to a financial planner.