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Originally Posted by XLexusTech
The company I work for was acquired recently. We were just told effective this month our existing 401k ( I contribute 15% ) is dead (we can't contribute and employer contributions are dead) when the new company takes over we have their 401k and ESPp that we can participate in... my question is where should I go with that 15% during the mulitiple months it's going to take?
My options ... my dividend stocks .... my mutual funds ... open a new Roth ? (Note 8% of the 15 mentioned above goes into a Roth)
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I'd just keep it simple and put the extra money into your current dividend stocks after making sure your Roth IRA is maxed out for 2017. I'm assuming this won't be for a long period of time so there's no need to start a new retirement account to replace the no longer available 401K. Those are my thoughts anyway.
I hope the ESPP is a good option for you, too. I took full advantage of mine when at Halliburton a few years ago. It's worked out nicely even with the downturn in oil.