Hi everyone! New to the forum, but have heard you all are excellent so I thought I'd reach out with a (hopefully) easy question.
I currently have a Vanguard account from my current employer, split between the Target 2050 retirement fund (VFIFX, rate of return on my investment is 5.31%), the Mid-Cap Growth Fund (VMGRX, 3.76%) and the Growth Equity Fund (VGEQX, 2.98%). I'm currently 28 years old.
I have $3307 in a 401(A) and $1643 in a 403(B) with Fidelity from a previous employer. Breakdown is:
- FEXKX with 2.55% rate of return
- FSMVX with 5.00%
- FFTYX with 3.90%
- FSEAX with 0.03%
- FHKCX with 0.23%
- FEXKX with -6.12%
I also have $8299 in an account with ING Plans (Blackrock LifePath 2050).
My wife also has a 403(B) account, but I don't have the specific numbers easy at hand. Less than $10,000 for sure.
All accounts went through the recession except my current employer's account. Most have recovered their initial value, accepting one of the 403(B) funds.
I'm admittedly under-informed about managing this money. Some questions:
1) Should I be rolling all of these over into a Vanguard IRA?
2) Are there tax implications for moving these from their current home into an IRA? Should I be rolling these over before the new year?
3) Is there a path for some (or all) of these funds to be moved into an account with more liquidity (in terms of a loan or a withdrawl) in case of emergency?
4) What else should I be thinking about that I'm not?
Thanks in advance!