Wednesday, March 22, 2017

What to do with my old 401ks

Rolling over my 401k's

Rolling over my 401k's from my previous 2 employers has been on my to do list for longer than I want to admit to.

I've done some very limited research on this but just haven't been able to make a decision.  There are so many choices out there and so many different review sites that I'm having a hard time making a decision.  So I'm putting this post out there and giving myself a deadline of April 30 to make a decision on where to plop these funds.

I have an IRA through our bank but I don't know that we are getting the best return on those and I'm not sure on the fees that we are paying.  So, it's time for some research.

After some basic preliminary research, I am going to focus my time on evaluating Scottrade, Betterment, Fidelity, Vanguard and Charles Schwaab.

Why did I pick those? 

Well I googled Best IRA Investment Companies and found multiple lists of Top 5 or Top 10.  It was interesting to see that every list identified a different company as there "top" choice.

Betterment was listed on a couple sites as being the best for beginner investors or those that want to set it and forget it.  Yep, that sounds like me.  I also picked these just from name recognition and some of the positive reviews that I read.

I'll be back to report on what I find out.  In the meantime, do you have any experience with any of these companies?  If so, let me know.

2 comments:

  1. Fidelity services my current 401k and I really like them. The website is user friendly and they have moderately low fees.

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  2. Thanks. Fidelity is one of the one's I'm leaning towards. I definitely thought their website was one of the easier ones to navigate to find the information that I was looking for.

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