Hi Everyone,
I am 31 years old right now, and have about $129,000 in a 401k account from a previous employer. The money is spread over several index funds that essentially mimic the ever so popular total market index fund. I am thinking about rolling over the money into a Fidelity Traditional IRA (my other investment accounts are also with Fidelity) and putting the money into FSTMX.
Usually after the rollover, the money is sitting in cash again. Should I dump all $129,000 into FSTMX in one shot, or take a dollar averaging approach over a specified period of time? For example, lets say instead of throwing $129,000 straight into FSTMX, I spread the buying over 10 years, on a monthly basis. So that means I would be putting in ~$1075 each month into this fund.
If you guys can help by providing input or giving a web site with a good calculator, I would appreciate it so much!