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Old 05-21-2012, 05:45 PM
NOVA NOVA is offline
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Arrow Investing 104 - 401K Rollover - Dividend Stocks & Portfolios wanted

I know the Investing 102 Thread has been super popular here and I check in on that thread whenever I log on (Thanks to Greg and so many who have contributed, that is an awesome thread)
I got a new job and will be rolling my former 401K into a Roth Ira @ Schwab and would like to hear everyones favorite stocks, I prefer Dividend Stocks for my core, but I am open to also hearing about some that you think could be a big home run, The next Apple? or? doesnt need to be a dividend paying stock just something that may be the next wonder stock.
I am in my mid 40's, can withstand some risk and would like to get rolling into Stocks which will be new to me because I have only used limited mutual funds through my 401K.
I have about 375K to put to work over time, anyone care to share and put your portfolio suggestions up for me to look over & analyze and why YOU like them? maybe even break down what stock and a dollar amount per stock, example: if you have several stocks and want to break them down to amount to 375K for the ultimate portfolio, I am all ears!
Thanks in advance, I appreciate it and I am looking forward to hearing from you guys, I know theres a lot of knowledge here.
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Old 05-21-2012, 06:51 PM
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Chad-1stGen Chad-1stGen is offline
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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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Old 05-23-2012, 08:48 AM
toy71camaro toy71camaro is offline
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Quote:
Originally Posted by Chad-1stGen View Post
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.
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.
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Old 05-23-2012, 04:14 PM
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Chad-1stGen Chad-1stGen is offline
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Quote:
Originally Posted by toy71camaro View Post
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.
I was referring to rolling from Trad 401K to Trad IRA and keeping it "pre-tax" money. This is only important if you exceed ROTH IRA income limits and want to use the "back door" contribution option available.
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Old 05-23-2012, 04:30 PM
toy71camaro toy71camaro is offline
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Quote:
Originally Posted by Chad-1stGen View Post
I was referring to rolling from Trad 401K to Trad IRA and keeping it "pre-tax" money. This is only important if you exceed ROTH IRA income limits and want to use the "back door" contribution option available.
Oops Sorry Chad.. I accidentally quoted you Vs the OP. I meant that towards the OP who mentioned rolling over the 401k to a Roth. Sorry.
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Old 05-23-2012, 06:35 PM
XLexusTech XLexusTech is offline
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If you are within the income limits consider a Roth conversion..
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