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Strategies & Market Trends : Dividend investing for retirement

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To: JimisJim who wrote (6489)	11/17/2010 7:58:04 PM
From: LTBH	Read Replies (1) of 34328

The first question is are you still working for that employer?? If not and are 55 or older, there are many sites with appropriate info .. you can start here: obliviousinvestor.com The following is a brief summary from that site. Simple Summary * In most cases, it’s beneficial to roll your 401(k) into an IRA after leaving your job. Doing so will give you access to better investment options and will likely reduce your administrative costs as well. * If you left your job at age 55 or older, and you plan to retire prior to age 59½, you may want to postpone rolling over your 401(k) until you reach age 59½. * If you’re planning a Roth conversion of non-deductible IRA contributions, you may want to hold off on a 401(k) rollover until the year after your Roth conversion is complete. * If you have employer stock in your 401(k), before rolling your 401(k) into an IRA, it’s probably a good idea to speak with an accountant to see if you can take advantage of the Net Unrealized Appreciation rules. * In most cases, the best place to roll over a 401(k) is a mutual fund company with low-cost funds or a discount brokerage firm that offers low-cost (or no-cost) trades on ETFs ------------- The site goes into taxation etc. Luck LTBH

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