Hi folks, just had a couple of quick questions. I've gotten some amazing advice and information here in the past, so thank you all sincerely ![:sharebeer]( "celebrate")
I've completed my 401k rollover (company was bought, had to move the 401k) into my etrade Rollover IRA account.
My first question is now that's its safely in the retirement account and cleared for investing does it need to be invested immediately or otherwise be taxed? I am certain I've read and learned it does not have to be but of course it should be. But I want to be certain, Uncle Sam does not need more of my well earned $$.
My second question is perhaps a bit of preference and strategy one but is it advisable to invest the entire amount at once? Or should I hold it and buy on the dips? Again this might be more a strategic and preference question. It's north of 125k so investing all of it makes me nervous, but it's no different if it was left in the old 401k fund I suppose.
Thanks so much in advance for your time and help!
I've completed my 401k rollover (company was bought, had to move the 401k) into my etrade Rollover IRA account.
My first question is now that's its safely in the retirement account and cleared for investing does it need to be invested immediately or otherwise be taxed? I am certain I've read and learned it does not have to be but of course it should be. But I want to be certain, Uncle Sam does not need more of my well earned $$.
My second question is perhaps a bit of preference and strategy one but is it advisable to invest the entire amount at once? Or should I hold it and buy on the dips? Again this might be more a strategic and preference question. It's north of 125k so investing all of it makes me nervous, but it's no different if it was left in the old 401k fund I suppose.
Thanks so much in advance for your time and help!
Statistics: Posted by cbaur88 — Wed Jan 22, 2025 4:10 pm