We'll know the bottom. It'll be when REALLY bad news fails to drive the market lower.
We'll know the bottom. It'll be when REALLY bad news fails to drive the market lower.
Well, there is definitely no shortage of bad news right now!
Good Plan. 401K investment choices are typically very restrictive. I moved mine out to an external brokerage account as fast as I could.Had a question for the more financially savvy guys in here...
Wife has a mediocre performing 401K account with a balance in the mid 30s in the company she worked for up to 2019, in 2020 her former company got bought out by another and her 401k moved to the new company automatically. She's a stay at home mom and we have no current plans for her to go back to work.
I have the ability, thru my parent, to buy Publix stock. I am debating closing that 401k account, paying the tax and 10% penalty and buying publix shares with the remaining balance. It would help my parent in the short-mid term with dividend income and I think long term is might be a good play being that Publix just split and shares are under $15 per. Stock historically has always performed very well, over the last 10 years its up almost 400%. What do you guys think??
Define mediocre??
That account is basically gonna get cut in half... and then.. your gonna need to pay tax AGAIN, so if publix doubles... you'll still be down 20-25%.
Is there a option to roll it into a S&P500 index?
Had a question for the more financially savvy guys in here...
Wife has a mediocre performing 401K account with a balance in the mid 30s in the company she worked for up to 2019, in 2020 her former company got bought out by another and her 401k moved to the new company automatically. She's a stay at home mom and we have no current plans for her to go back to work.
I have the ability, thru my parent, to buy Publix stock. I am debating closing that 401k account, paying the tax and 10% penalty and buying publix shares with the remaining balance. It would help my parent in the short-mid term with dividend income and I think long term is might be a good play being that Publix just split and shares are under $15 per. Stock historically has always performed very well, over the last 10 years its up almost 400%. What do you guys think??
My wife was in a similar position after she left her last job and IIRC we were able to roll it over to another broker as an ira and then manage it from there.
So you paid taxes on the sum and rolled it to say fidelity?