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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (6484)	11/17/2010 3:01:02 PM
From: JimisJim	Read Replies (5) \| Respond to of 34328

Good luck! I keep waffling on what to do with my miserable 401k that has miserable choices for investment (nothing but less than stellar mutual funds, not even the better ones offered by FIDO -- our only choices)... and I've posted before that my largest portfolio, an IRA, suffers in that I can't readily add significant cash to it to increase both the number and size of positions. There is a rule/law that people over 55 can take a one-time distribution from a qualified plan (my 401k is one) without penalty, but would have to pay regular income taxes on the distribution. I've been crunching numbers to see if it makes any sense to take a one-time distribution, cash out the 401k, pay the taxes and roll the rest either into the existing IRA, a new IRA, or a ROTH. The tax bite is the hurdle my mind can't seem to jump, but I watch the 401k flounder because of the poor investment choices and mourn the opportunity costs lost on that money. So, I continue to do nothing while several demons on each shoulder keep shouting in my ears I have to do something different with that money. Sheesh.... Jim