Author Topic: Newcomer question: where to roll over a small 401K?  (Read 3392 times)

latetotheparty1977

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Newcomer question: where to roll over a small 401K?
« on: April 15, 2015, 08:53:14 AM »
Hi smart people.
I am new to all of this and hoping you can help. I have a small ~$8k 401K I am looking to roll over. Not sure if I should roll over to my Fidelity 401K with my current employer as I've heard Vanguard is much better. Perhaps a Vanguard 401K or IRA?
I'm 37, married, zero debt, not much savings (around $60K plus own home outright).
I value feedback from people who are awesome with their money. ;)

terran

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Re: Newcomer question: where to roll over a small 401K?
« Reply #1 on: April 15, 2015, 09:06:06 AM »
Fidelity is usually pretty good too. You could post the funds you have access to and their expense ratios and people could probably tell you if that's a good option.

If you don't roll into your new 401k you'll have to roll into an IRA (since you can only get access to a 401k through your employer), in which case both fidelity and vanguard would be fine options.

latetotheparty1977

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Re: Newcomer question: where to roll over a small 401K?
« Reply #2 on: April 15, 2015, 09:46:00 AM »
Thank you, terran. I have 33 options in my Fidelity account (I currently put 50% in Alger Cap Apprec A - ACAAX and 50% in FA Health Care A - FACDX....And I have $16K in FA FREEDOM 2030 A  (FAFEX) , I'm a beginner - but very interested in learning.)

The copy-and-paste mess might make this impossible, but I'll try at least. Thanks for any help.

1 Year    3 Year    5 Year    10 Year/LOF*    

ALGER CAP APPREC A (ACAAX) 10/29/1993    Stock Investments    Large Cap    18.27%    17.56%    15.26%    12.61%    Gross Expense Ratio: 1.24%
JPM EQUITY IDX A (OGEAX) 07/02/1991    Stock Investments    Large Cap    12.21%    15.56%    13.94%    7.55%                    Gross Expense Ratio:  0.91%
PIONEER EQ INC A (PEQIX) 07/25/1990    Stock Investments    Large Cap    10.94%    14.75%    14.26%    7.54%                    Gross Expense Ratio:  1.09%
FA MID CAP VALUE A (FMPAX) 11/15/2001    Stock Investments    Mid-Cap    15.38%    20.25%    16.35%    9.63%                     Gross Expense Ratio:  1.15%
FED MID CAP INDEX SS (FMDCX) 11/05/1992    Stock Investments    Mid-Cap    11.67%    16.61%    15.24%    9.90%     Gross Expense Ratio:  0.66%
JANUS ENTERPRISE S (JGRTX) 09/01/1992    Stock Investments    Mid-Cap    17.01%    16.93%    16.17%    11.00%     Gross Expense Ratio:  1.17%
CBA SM CAP GR A (SASMX) 07/01/1998    Stock Investments    Small Cap    4.83%    15.11%    16.58%    10.16%     Gross Expense Ratio:  1.26%
HEARTLAND VAL PLS IV (HRVIX) 10/26/1993    Stock Investments    Small Cap    -8.07%    8.92%    9.45%    8.47%    Gross Expense Ratio:  1.14%
PIF SMCP S&P 600 R3 (PSSMX) 12/06/2000    Stock Investments    Small Cap    7.96%    16.42%    15.37%    8.87%    Gross Expense Ratio:   0.75%
ALZGI NFJ INTL VAL A (AFJAX) 01/31/2003    Stock Investments    International    -5.32%    3.97%    4.45%    6.62%    Gross Expense Ratio:   1.29%
INVS INTL GROWTH A (AIIEX) 04/07/1992    Stock Investments    International    2.86%    8.71%    7.83%    7.30%                   Gross Expense Ratio: 1.34%
JPM INTL R ENH EQ A (OEIAX) 10/28/1992    Stock Investments    International    -1.40%    8.53%    5.00%    4.54%                    Gross Expense Ratio: 1.2%
FA HEALTH CARE A (FACDX) 09/03/1996    Stock Investments    Specialty    34.53%    35.23%    26.32%    15.42%                     Gross Expense Ratio: 1.08%
FA REAL ESTATE A (FHEAX) 09/12/2002    Stock Investments    Specialty    24.68%    13.81%    15.34%    9.85%                      Gross Expense Ratio: 1.16%
FA FREEDOM 2005 A (FFAVX) 11/06/2003    Blended Investments    N/A    4.60%    5.45%    5.89%    4.69%    03/31/2015               Gross Expense Ratio: 0.83%
FA FREEDOM 2010 A (FACFX) 07/24/2003    Blended Investments    N/A    5.08%    6.75%    6.98%    5.25%    Gross Expense Ratio: 0.87%
FA FREEDOM 2015 A (FFVAX) 11/06/2003    Blended Investments    N/A    5.51%    7.16%    7.27%    5.49%    Gross Expense Ratio: 0.9%
FA FREEDOM 2020 A (FDAFX) 07/24/2003    Blended Investments    N/A    5.82%    7.69%    7.75%    5.46%    Gross Expense Ratio: 0.93%
FA FREEDOM 2025 A (FATWX) 11/06/2003    Blended Investments    N/A    6.26%    8.91%    8.58%    5.83%    Gross Expense Ratio: 0.97%
**Investments you currently own FA FREEDOM 2030 A (FAFEX) 07/24/2003    Blended Investments    N/A    6.54%    9.43%    8.87%    5.69%    Gross Expense Ratio: 1.02%  *****
FA FREEDOM 2035 A (FATHX) 11/06/2003    Blended Investments    N/A    6.81%    10.24%    9.35%    5.88%    Gross Expense Ratio: 1.03%
FA FREEDOM 2040 A (FAFFX) 07/24/2003    Blended Investments    N/A    6.76%    10.31%    9.42%    5.85%    Gross Expense Ratio: 1.03%
FA FREEDOM 2045 A (FFFZX) 06/01/2006    Blended Investments    N/A    6.80%    10.54%    9.55%    5.00%    Gross Expense Ratio: 1.03%
FA FREEDOM 2050 A (FFFLX) 06/01/2006    Blended Investments    N/A    6.77%    10.59%    9.56%    4.87%    Gross Expense Ratio: 1.03%
FA FREEDOM 2055 A (FHFAX) 06/01/2011    Blended Investments    N/A    6.85%    10.88%    N/A    8.50%    Gross Expense Ratio: 1.03%
FA FREEDOM 2060 A (FDKPX) 08/05/2014    Blended Investments    N/A    N/A    N/A    N/A    5.24%    Gross Expense Ratio: 1.03%
FA FREEDOM INC A (FAFAX) 07/24/2003    Blended Investments    N/A    3.65%    3.94%    4.45%    4.15%    Gross Expense Ratio: 0.76%
(rest are bonds - not interested)

dandarc

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Re: Newcomer question: where to roll over a small 401K?
« Reply #3 on: April 15, 2015, 09:58:59 AM »
Ouch on the expense ratios there.  I wouldn't roll into that 401K.  It's OK for new money because you don't really have a choice, but for money you do have a choice with, there many better options out there.  I'd rollover into an IRA at Vanguard, if it were me.

Also - you're 50% in a sector fund?  That's a pretty risky play, but doesn't affect your rollover decision.

latetotheparty1977

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Re: Newcomer question: where to roll over a small 401K?
« Reply #4 on: April 15, 2015, 10:29:55 AM »
I figured with the high expense ratios. I will probably lean toward the Vanguard IRA, so thank you. However, now I am wondering where my current Fidelity funds should be spread. (This is very overwhelming).

TomTX

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Re: Newcomer question: where to roll over a small 401K?
« Reply #5 on: April 15, 2015, 12:02:23 PM »
Those expense ratios are disgustingly high. Ask your HR to at least get some Spartan options.

On the old rollover? Vanguard IRA.

latetotheparty1977

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Re: Newcomer question: where to roll over a small 401K?
« Reply #6 on: April 15, 2015, 12:27:10 PM »
TomTX, you should see our health insurance plans! Now there's a laugh.

Any advice on where to put the Fidelity funds?

terran

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Re: Newcomer question: where to roll over a small 401K?
« Reply #7 on: April 15, 2015, 03:02:27 PM »
If you'd rather just have things in the same place rolling into a fidelity IRA would be fine too since you should have access to spartan funds with that money, which have similar expense ratios to vanguard funds.

latetotheparty1977

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Re: Newcomer question: where to roll over a small 401K?
« Reply #8 on: April 15, 2015, 03:21:35 PM »
We are buying vtsax so I will be in vanguard anyway--planning to roll over to IRA.

Thank you.