I recently left my first full time employer, and I had a Roth 401k with them through Mass Mutual with an ~$8500 balance. Right now I am working on contract, and I would also like to have the opportunity to continue contributing to a retirement account even though my employer is not offering one with my current status. My asset allocation is one of their pre-forumlated allocations (see below), and I have been fairly happy with the returns.
My question: should I keep my 401k with Mass Mutual and open a new Roth IRA to contribute to, or roll my 401k into a Roth IRA that I would need to open? Does anyone have any recommendations on where to open an IRA?
Current Asset Allocation:
8.04% American Century Growth Fund
7.98% BlackRock Equity Dividend Fund
2.02% Goldman Sachs Gr Opportunities
2.00% Goldman Sachs Small Cap Val Fund
3.02% Invesco Mid Cap Core Equity Fund
2.97% Oppenheimer Developing Markets Fund
4.00% Oppenheimer Real Estate Fund
13.00% Oppenheimer Rising Dividends Fund
2.01% Perkins Mid Cap Val Fund
2.01% Prudential Jennison Sm Co Fund
13.96% Select PIMCO Total Return Fund
13.93% Thornburg Intl Value Fund
3.03% Vanguard Mid Cap Index Fund
13.01% Vanguard 500 Index Fund
7.06% Vanguard Small Cap Index Fund
1.98% SAGIC Core Bond