Hey Everyone,
I just got turned on to Mr. Money Mustache and have been devouring all the information here as well as the posts here in the forums. I think I've fallen victim to over information stimulation. So I'm giving myself up to the experts here... I have a 150K sitting in a 401k from a previous employer. Based on what I'm reading here it looks like rolling a 401k into an IRA and buying Vanguard index funds are the way to go... or at least I think so.
Here's my question - I have a 150K sitting in a 401k that I have to roll somewhere due to my previous employer closing down shop. Is the play an IRA with Vanguard Index funds or should I just give it to Wealthfront / Betterment. Or maybe there's something else I could do that I'm not thinking of. I don't have an investment strategy at all.. I'm slowly figuring that out but I feel like I should do something with this money. Maybe a better question is - if you were me, what would you do?
Additional info about me:
- I'm a set it and forget it kind of investor.
- I own two rental properties - both positive cash flow combines $1500/month
- I have 50K in capital 360 savings account
- I have zero stocks, bonds, etc..
- I make $200K/year.
Feel free to direct me to a particular post, book recommendations, or an article that is explained elsewhere. I'm fascinated by what I'm reading here and everyone's knowledge base but I think I've digested too many thoughts, options, etc... and now my heads spinning.
Thanks in advance for any thoughts / advice.
-J