I'm ending my employment and have roughly $7000 in a retirement account. 1/2 is traditional 401k, the other half is Roth401k. I'm getting a new job that won't add any retirement for me, so I need to figure out what to do with the $7k. Any ideas? I think I could keep it with the current investment group and add to it. It's currently invested in some aggressive stuff with their general "2055" retirement projected date. in the past year it's averaged over 16%.
What are my options to do with it? Should I keep contributing as-is or should I look into rolling into something else.
Please forgive my newness, this is the first time I have had an investment.
For the next year or so I won't have any employer contribution.
Snapshot of finances and a little backstory:
I'm 28 with no debt, currently renting. non liquid assets roughly $10k (vehicle, misc household), more liquid $7k retirement, roughly $5k (after ded. and taxes for 2016) in business account from new business started this year, and roughly $4000 cash/savings.
It would be much higher however I just finished paying off student loans and CC.
We're going overseas in Feb to teach English (paid position but really only enough to live on, maybe a little extra). Income will go up during the year, I don't know what it will be but I'm not calculating for the increase. Our business income will remain roughly the same during 2017 adding another 5-10k net. Not sure of long term plan, this job hopefully will be a step into other more lucrative job opportunities.
Any ideas or thoughts? Thanks again!