Quote:
Originally Posted by Chad-1stGen
Two things to be aware of when rolling over from a 401K into an IRA.
1. Assuming it is a traditional 401K (not a Roth) then it complicates doing any backdoor roth IRA contributions in the future.
2. 401K has better protection against creditors.
Just thought I'd throw that out there for ya.
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Im not 401k expert, but wouldnt you roll a 401k over into a Traditional IRA? both are "pre-tax" dollars. Seems like it would be complicated to roll a Pre-Tax 401k into an After-Tax ROTH IRA.
I could be wrong. LOL.
As for what to invest in, I'd suggest learning the principles behind the investing 102 thread, and doing your own research. It's important to know WHY you bought a stock, vs someones recommendation. If that stock so and so recommend is now down 40%, what you gonna do? sell it? buy more? Gotta understand "why" to make that decision.
My 2c anyway.
