Quote:
Originally Posted by jkp41
I am changing jobs in September, and I am using this as an opportunity to step up my skills with my investing. I have been investing in a few relatively small posotions over the last few years with a Schwab brokerage account, but nothing near the money that is in my 401k that I will be moving into my rollover account. For simplicity's sake, lets round out numbers and say that I have $10k in my Schwab account right now, and will be moving $100k into a rollover.
My new job will have a 403b with a 3% match, and I will utilize that match. I filed for taxes for the first time since being married and found out that I can now utilize a roth rather than being over the income limit. I will max that out yearly. I'm 32, and would like to retire around 55
In my Schwab account, I currently have postions in:
MO - biggest position
PEP
XOM
F
T
MCD
EXR - very small position
So I have several questions about the best way to utilize the 401k money:
1. At this point should I be looking into bonds at all or is that something that should wait until I am closer to retirement and looking for stability rather than growth?
2. Should I be concerned with scaling into positions with this, or should I buy new/expand current positions with the majority of the money?
3. If I scale in, what strategy do you guys use in parking the money until you put it into a more permanent position?
4. After the Roth and 3% match for the 403b, I will have roughly $1000/month that I am designating to retirement. Should I max out the 403b or put that money into my brokerage account. I'm assuming the 403b will be mostly mutual funds, and I would have more control with the brokerage account.
Edit: I just realized that this was my first post here. I have been lurking too long!
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Kenny - WELCOME!
I'm on a road trip and posting is difficult and I want to be able to give thought to a response... so give me a few days to whip something up. In the meantime - hopefully others will see your post.