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Suggestions on where to move retirement money.

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Suggestions on where to move retirement money.

Old 07-20-2015, 05:11 PM
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Default Suggestions on where to move retirement money.

I had a post a while back about losing my job after 17 years. I have to move my 401K money which is around $400K. I have 2 other 401K accounts, one I moved to Scottrade and I buy/sell stocks. The other account is with Wells Fargo and I'm going to move that one to Scottrade.

How about some suggestions on where to put this money. I would love to buy a big slug of Paypal stock. Maybe I will buy a couple million shares of HJOE to add to my 500,000 shares I already have.
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Old 07-21-2015, 03:35 AM
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Of course I'll suggest Vanguard index, life strategy, or target funds
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Old 07-21-2015, 04:49 AM
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There is a nice Cabo in the "for sale" section of the site.

Might I suggest that?

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Old 07-21-2015, 05:42 AM
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Joe,

Once you recover from your "hangover", might want to start looking for another job first... lol.
Seriously, kone make a good suggestion... good mutual funds with a good company like Fidelity or Vanguard are generally better than individual stocks unless you want to give up a significant amount of boating/fishing time to do company/market research.
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Old 07-21-2015, 06:16 AM
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A lot depends on how long before retirement. Unless you spend a lot of time on company research (and that does not mean watching Cramer or reading the Motley Fool) passive strategy works good. Betterment, Wealthfront, etc should perform OK over time.

If you like to play trends or macro plays Motif Investing is interesting.
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Old 07-21-2015, 06:20 AM
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I would start with a good CFP.
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Old 07-21-2015, 06:36 AM
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If the predictions come true...under your mattress.
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Old 07-21-2015, 06:39 AM
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Ill send you my account number in PM...
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Old 07-21-2015, 06:50 AM
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A lot of variables. I spent a lot of time and a lot of research. No one cares more about my investments than I do. CFP's aren't free and can eat up your investments. Do you in complete and total honesty think they care as much sbout your investments as you do? I do not. I picked a selection of funds from Vanguard after tracking them on market watch dot com. After picking my funds and before purchasing them I ran a spreadsheet given a hypothehtical investment for a 10 year history. Rate of return averaged just shy of 9 %. Back to present day with real money, same funds real money average rate of return to date for 6 years plus has been 10.1 % I will take it.
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Old 07-21-2015, 09:53 AM
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Over time it is hard to beat an S&P 500 ETF.
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Old 07-21-2015, 10:11 AM
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Originally Posted by RussH View Post
I had a post a while back about losing my job after 17 years. I have to move my 401K money which is around $400K. I have 2 other 401K accounts, one I moved to Scottrade and I buy/sell stocks. The other account is with Wells Fargo and I'm going to move that one to Scottrade.

How about some suggestions on where to put this money. I would love to buy a big slug of Paypal stock. Maybe I will buy a couple million shares of HJOE to add to my 500,000 shares I already have.
That's all pretax money. Cashing out and getting a check will result in you paying taxes this year on the entire sum and the 10% penalty unless you are older than I thought.

I personally like American Fund mutual funds. Check out morningstar for mutual fund ratings and then pick one you like the best.

Talk to several advisors who have acces to the independent market (they can sell all products and are not limited to what their broker/dealer offers.

Depending on your age, how long you will need to receive money in retirement and other factors there are other options that will provide access to stock market gains with downside protection plus lifetime income no matter how long you and your wife live.

Whatever you do, do not get a check sent to your home. The transfer needs to be from the current institution to the next institution.
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Old 07-21-2015, 10:41 AM
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BMW dealer. Then
Send sympathy card to your children noting their loss of future inheritance $$$.
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Old 07-21-2015, 12:48 PM
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I like SLV these days...
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Old 07-21-2015, 01:11 PM
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Payoff all debt then spend the rest as you see fit....life is short
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Old 07-21-2015, 01:25 PM
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Originally Posted by mikefloyd View Post
I would start with a good CFP.
Three choices, pick one:

1) What Mike said

2) take the advice from the THT expert with the biggest (or fastest) boat who posts a response to your inquiry

3) I've got some shares in the San Francisco Bay bridge that I'm willing to let go for a song as I have recently come into $24,000,000 by helping a friend get his funds out of Nigeria and feel that the time has come to share some of my good fortune
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Old 07-21-2015, 02:34 PM
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I have no plans to take any out of the account. I'm currently 55 and my goal was to retire @ 62 but with the job loss that isn't likely to happen.

We have no debt except for the house, we owe 4 years on the house. All of the cars and the boat is paid for.

I will check out the funds that you guys suggested, that's what I was thinking about doing is putting everything into a fund -vs- individual stocks.

What do you all think would happen if I bought $400K of PayPal stock? That could be a huge money maker.....or a huge money loser!
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Old 07-21-2015, 03:56 PM
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went through a job change over year and half ago due to company losing contract. gave me access to my 401k which was in vanguard with limited choices. rolled over small amount into new 401k in case i got jammed up and needed to borrow. rest i rolled into fidelity iras which i already had.amount rolled over was over 500k. as someone mentioned the bio tech is a strong player and ive had the blue chip and contra funds for over 20 years. added a couple others to give me small and mid cap exposure. im letting the fund managers earn their keep. never had the time or luck with individual stocks. up over 10% since end of last year. 52 now plan is 59.5 but might wait until 62 to bail.
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Old 07-21-2015, 03:59 PM
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Cayman Islands or perhaps Luxembourg?
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Old 07-21-2015, 05:16 PM
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I just started a major investment fund (Capitol Ponzi Trust Advisors LLP). Send the money along, I can absolutely guarantee a 15% annual return.
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Old 07-21-2015, 05:19 PM
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Originally Posted by SeaJay View Post
I just started a major investment fund (Capitol Ponzi Trust Advisors LLP). Send the money along, I can absolutely guarantee a 15% annual return.
Now that's what I'm talkin about! How about I send it to you in cash? Is all $20's OK or would you prefer another denomination?
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