Hi all! I know this question has been asked a million times but here goes.
I have an old 401k that was worth 29k, 7 years ago. It has been sitting because I had no idea what to do with it and 60% of it is in Walmart stock. As much as I hate Walmart , their the board of directors knows way more about making money than I do. It is now worth 43k but fluctuates according to Walmarts latest successes and failures. The manager of my current 401k has encouraged me to roll it over but I don't trust anyone that stands to gain from this action. The consensus seems to be roll it over in to an IRA but I haven't really figured out why that's the best course of action other than there are more investment options.
I am 45 and recently divorced after 25 years and am working on learning as much as I can about taking control of my financial situation. I was one of those dumb women that let my husband deal with it all those years because I was to lazy to figure it out. Dumb move I know but I am making up for lost time as quickly as possible.
I appreciate any suggestions. Thanks!