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Where does a young guy start investing money?
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Boone & Crockett
Posted 10/14/2021 07:37 (#9268153 - in reply to #9267610)
Subject: RE: Where does a young guy start investing money?


HuskerJ - 10/13/2021 20:51

Look deeper into the details of the 401K. Where my wife works, after you've been enrolled for 5 years, your investment becomes 'yours', and you can roll it into any approved retirement plan, even a Roth, without losing the employer matching funds. Basically in year 6 she was able to roll over her first year's investment, and in year 7, her 2nd year, etc.
I really like that, because it gets her money out of the single company stock she works for, and into whatever investment(s) she wants.
Husker, IRS rules do not allow rollovers pre 59 1/2 without severance of employment, death or disability regarding 401k’s. Are you sure her company plan is not a Simple IRA?

Edited by Boone & Crockett 10/14/2021 07:38
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