Roll it over (to something - Roth, traditional, whatever) and actively manage it. I'm a fan of Fidelity but if you have access to USAA then go with it.
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Roll it over (to something - Roth, traditional, whatever) and actively manage it. I'm a fan of Fidelity but if you have access to USAA then go with it.
Fidelity always has been good to me aswell.....
I rolled my TSP to a traditional IRA at TD Ameritrade. No cost to trade inside the IRA on the ETFs I use.
Do IRAs not allow loans? I was under the impression they weren't allowed.
I used to work at Vanguard about 15 years ago, and they're one of the top rated mutual funds because they follow the index and don't f' around with your money by doing trades. Because of that, they tend to do better than people who think they know better.
That said, I have all my old 401k money rolled over into T Rowe Price and USAA funds. The most important thing is: I can control and move things around, and I'm not stuck to the generally craptacular set of choices that most companies 401k plans lock you in to.
Definitely roll it over into an IRA. Just do a little research, you'll be fine with the choice of funds at USAA, TRP, Vanguard, Fidelity, etc.
Don't borrow money out of an IRA / 401K. Just don't.
I'm not talking withdrawals, where I get smacked with taxes and such. I figure buying used cars that way is better than credit. (Used to work in credit- hate it)
Seriously, ask for recommendation of a good financial advisor instead. I personally rolled mine over to self directed IRA. Whatever you decide to do, keep it pretax.
Almost everything I've read lately says to never borrow from your retirement account. The math usually works out that in the long run, you're better off getting a conventional loan instead of borrowing from yourself. You end up shortchanging yourself.
^^^^ Just roll it over. You'll be better off in the long run.Quote:
Originally Posted by ChunkyMonkey