401k

Fr_Chuck · Mar 11, 2006, 06:48 PM

A lot will depend of course on your interest rates and tax rates.

I can't image you will be getting a high enough interst rate with the Roth over the 401 K.

I made about 16 percent on my 401 K using a mix of Vanguard investments last year, well worth my investment.

It is a hard choice since many of the tax advisors are the same people who want to "sell" you the plan they have.

With only 6 years left at this point I personally don't believe there could that much difference if you switched to another plan. But this is just my opinion from my own 401 K. Note I also have my original retirement plan which is a Roth and it earns a lot less interest every year

fredg · Mar 12, 2006, 04:41 AM

Hi,
I am 64, retired because of family health issues, and still have some money in my 401k plan.
I would suggest just leaving it, as is, because you don't have that much more time left before you retire.
As a side comment, please try to work until you are 65, eligible for Medicare. The cost of Medical Insurance without a company paying most of it now is out of sight!
I am not asking what investment program you have your money in; such as all Stocks (some call it Equity market), or one such as both stocks and other (some call it Balanced), or the Fixed Income plan (paying only maybe 3% interest, or less).
If not in some kind of Balanced Fund, you might check on it. Leaving it solely in a Fixed Income will not give very much more over a years' time.
But, one has to be aware that a Balanced Fund is a little more "risky", but does pay more interest. Mine is in a Balanced Fund, and is still growing.
I do wish you the best.

walt17 · Mar 12, 2006, 04:18 PM

Greetings,
I would add a few recommendations (opinions) for you to include in your considerations.
Don

401k

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