Question.
My dad and I were talking about investments, he has been asking me lots of questions since he has seen me acting on what I have learned here. And yesterday he asked me to look at his 401k/IRA and asked what I would do.
Here are the specifics, he works for Halliburton (25+ years cant remember), he quit for a couple years to go with an independent oil co. they started to go south and Halliburton begged him to come back so before goign down with the ship my dad jumped back on board.
So he has his regular 401k, he has some restricted stocks with the company, and a bunch of unrestricted stocks and paid dividends just sitting in his account.
He is already retirement age, but wants to work till 2025.
My gut instinct (from what I have learned here) is to:
1)dump the unrestricted stock he has in halliburton
2)use it and the dividend cash he has sitting to buy some small stocks, and build a little mutual fund (it totals about 25k)
BUT is it "too late" as in he is too close to his retirement date? Should he just reinvest in the mutual fund his 401k is in?
I tried looking through the thread but couldnt find a similar situation
thanks gents
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