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Found out they make the check out to Vanguard, then I tell them where to put it, in my source is a mm (transferred/frozen at dj 14,000) and target is my V mm.
Do NOT stay invested. TIME the market. ;-}
Well thanks for all the good advice folks, I moved everything in the existing 401 into the mm component and will do the same at the target company ira (Vanguard). So effectively everything is "frozen". I will leave it in the mm until after the next …
I understand what you all are saying, but the current 401k administrator cashes out my account and sends me the physical check, that's the way they do it, which I have to physically forward to the new plan, what I mean is the time lag while this phy…
Reply to @Investor: Thanks, they seem a good mix of funds but have odd class designations. It took me 2 days to find out "class viii" basically meant double the fees of a "normal" class. Our previous owner's plan had lots of class I funds which were…
Good info thanks. I find it boggling that the share class offered for a fund in a 401 has twice the er of the same fund offered to the public. They do have a match, so I'm putting everything in their MM offer for now..which has a .75 er btw. Nuts!
Reply to @scott: I have come full circle, since most "professional advice" comes from people who are paid by fees, I will do the opposite..go indexers, time the market, do NOT stay invested all the time..
Reply to @Maurice: Thanks, I saw the .18 for "normal" classes but we can only get class VIII, which has the .36 er..pretty crappy for a 401k offer huh? The ticker is "N/A" in the brochure too..the whole thing smells like sardines..
Reply to @hank: Nope, I was just igno on the old site. Yeah I'm down to about 1/3 stocks now, the rest in bonds and quite a high % in MMs too, I'm only 55 but am pretty scared of what I think is coming. I think this is a classic bubble but even wors…
I think we're a permanent bubble/bust economy..going to try to time it this time since "stay invested think long-term blahblah" has never gotten me anywhere except stuck on the roller coaster.. :-/
Found er to be .36, I think too high for an indexer, plus they "lend" money form this fund..scary never heard of that..still no info on load, I assume none but need to verify.
Reply to @msf:
Thanks. It's ssga s&p 500 index securities lending series fund, I think the ticker is svspx. I can find no info on load or expense ratio for this fund/class. It is offered in our 401k but I am hesitant until I get these details.
