kuli48
New Member
Cash: $ 0.90
Posts: 4
Joined: 14 Jan 2011
Location: iowa
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I was retired dec 2010, between pension, and spouse and my ss will cover 60% of previous salary have 450k in 401k, and ira and 40k in misc plus lake house 300k. I need to move 401k - 350k to IRA not sure about where to put it. It is now 80% equities. Do I hire a planner to assist or transfer to vanguard or other and make distributions? We both have LTC insurance to cover some care.
Thanks Mike (62 and in fair health)
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Fri Jan 14, 2011 10:58 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
Do I hire a planner to assist or transfer to vanguard or other and make distributions?
No - when I retired I called Vanguard and they moved it from my 401k to a Rollover IRA. When you say 'make distributions' - are you planning to sell it and pay the taxes? You don't have to, you can roll it w/o creating a taxable event.
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Fri Jan 14, 2011 11:13 pm |
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