From: arouth@radiology.umsmed.edu (zxcvar)
Newsgroups: misc.invest.financial-plan
Subject: What to do with 401 K plan - rollover or pay tax now
Date: Mon, 19 Jan 2004 11:13:59 CST
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Greetings! I am soon to be 65 years old in four months. I am changing
my job. What shall I do with my money in 401K plan? I can rollover to
mutual funds like Dreyfus, Fidelity etc. In few years I have to
withdraw again for mandatory withdrawal.
[a] Shall I invest in a money morket fund or bond mutual fund or a
balanced fund? After five or six years I withdraw and pay the taxes
and invest in a balanced mutual Fund
[b] Shall I pay the income taxes now and invest in a Balanced Fund so
that I do not have to bother again in 5 to 6 years.
With thanks.
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