Hey all, thanks for the quick replies.
Frankies girl - My 401K is currently ING. The new company's 401K is Principal. So you're saying that 401K may be a better option then? I'm not sure really how much money would go into my 401K though. I dont think it would be anywhere near 17,000. Probably a lot closer to 5,000. I know I will probably not be putting 5,000 into my IRA if I get one.
Thanks for the links. I will read those tomorrow.
I'm thinking of enrolling into Vanguard. Can you get like a plan that kinda just lets it do it's own thing?
Dandarc -
I will not be putting more than 5500 back per year. And I understand that in a rollover, I can start off with one big lump sum correct? And that doesn't count against the contribution? Meaning, I can roll over the 33,000, and that doesn't count as my 5,500 limit for this year.
I am confused by your last couple of lines though.
the offerings would have to be pretty terrible to make up for the tax savings. So that's another 17,500.
Sorry, I'm not sure I follow.
So maybe I could open an IRA account and then open up a 401K account as well? Or maybe I should just take all the money I wanna save and just put it into an IRA?