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Question about retirement funds..

Discussion in 'Money & Finance Forum' started by sdplusbeauty, Jan 25, 2007.

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  1. Jan 25, 2007 at 4:18 PM #1
    sdplusbeauty

    sdplusbeauty An angel over my shoulder

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    My girlfriend has quite a bit of money in her retirement fund, and it's going on 10 years. She says she needs to withdraw it. The job she is at now doesn't have a 401k, so she doesn't want to lose any money. Do any of you have any advice on what she could do with it, or any ideas on how she can do this without losing money, and possibly put it somewhere that will help her earn more dividends?

    Thanks.
     
  2. Jan 25, 2007 at 4:28 PM #2
    VA49er

    VA49er Full Access Member

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    She'll take an ugly tax hit if she just takes it out. She'll need to roll over into a Traditional IRA in order to not take the hit. Some others may have other ideas.
     
  3. Jan 25, 2007 at 4:34 PM #3
    meatpile

    meatpile 7-9

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    That's a huge question full of unknowns. I'd have her get all of her information ready, then call vanguard and ask what her options are.
     
  4. Jan 25, 2007 at 4:41 PM #4
    sdplusbeauty

    sdplusbeauty An angel over my shoulder

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    what is vanguard??

    Yea, both of us aren't that good at financial stuff.
     
  5. Jan 25, 2007 at 4:43 PM #5
    Trace

    Trace Full Access Member

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  6. Jan 25, 2007 at 4:54 PM #6
    sdplusbeauty

    sdplusbeauty An angel over my shoulder

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    Thanks for the links..

    Anyone know of any good Investment Companies that take a $2,000 minimum investment?
     
  7. Jan 25, 2007 at 4:55 PM #7
    meatpile

    meatpile 7-9

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    Vanguard, i believe, if you agree to a minimum additional monthly contribution. Check them out.
     
  8. Jan 25, 2007 at 4:57 PM #8
    sdplusbeauty

    sdplusbeauty An angel over my shoulder

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    Ok, I'm checking them out.. thanks.

    So do a lot of people use them? What's your experience with Vanguard?
     
  9. Jan 25, 2007 at 10:04 PM #9
    Freakshow

    Freakshow Fuck you guys.

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    Vanguard is old, cheap, and has killer returns. Can't possibly go wrong with them. They are THE mutual fund company.

    By the way...she needs to roll that shit into an IRA. She should probably call Vanguard.
     
  10. Jan 27, 2007 at 1:52 PM #10
    sdplusbeauty

    sdplusbeauty An angel over my shoulder

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    Thanks, I sent her the info. :)
     
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