Search found 5 matches

by debv1947
Sun Oct 19, 2008 6:19 pm
Forum: Personal Investments
Topic: Need help choosing fund
Replies: 17
Views: 2455

Thank you Sam for your thoughtful advice. My employer matches 50% up to 5% of gross pay so I contribute 5% of my gross pay. Right now - my contribution is $125 every two weeks and my employer's os $62.50 every two weeks. As I said in my original post, I work in a very low-paying field. With my raise...
by debv1947
Sun Oct 19, 2008 12:29 pm
Forum: Personal Investments
Topic: Need help choosing fund
Replies: 17
Views: 2455

Thank you again. I will definitely give a great deal of thought to your advice. I will certainly do the rollover rather than the withdrawal. I am sticking with the most conservative investment for my 401K at the moment. It is easy enough to change it in a few months if I want to. I will wait a littl...
by debv1947
Sun Oct 19, 2008 11:21 am
Forum: Personal Investments
Topic: Need help choosing fund
Replies: 17
Views: 2455

Laura - Thank you SO much for this help. This is really clearing things up for me. I am going to switch to the Managed Income Portfolio for the moment and then possibly later to the Freedom 2000. I will probably withdraw some money from the 401 to start an account at Vanguard and then use my raise m...
by debv1947
Sun Oct 19, 2008 10:21 am
Forum: Personal Investments
Topic: Need help choosing fund
Replies: 17
Views: 2455

Thank you to all who answered - I appreciate the encouragement. According to the Fidelity website - I am able to withdraw the entire 401K balance - I do have to pay the taxes but there is not penaltyif you are older than 59 1/2. I am reposting my response as I think I put it in the wrong place by ad...
by debv1947
Sun Oct 19, 2008 8:56 am
Forum: Personal Investments
Topic: Need help choosing fund
Replies: 17
Views: 2455

Need help choosing fund

Hello – I learned of you from an article in this morning’s Philadelphia Inquirer and I hope you can help me. I will be as brief as possible but must give you some information. I am 61 years old. I came late to the work force and am in a low-paying field. For years I was not even able to contribute t...