401k rollover investments advice

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Camino
Posts: 1
Joined: Mon Oct 28, 2024 6:47 pm

401k rollover investments advice

Post by Camino »

Hello

I'm 60 and have 300,000k that I just rolled over from a 401k to Fidelity IRA. Im taking some time off and will withdraw no more than 40 total then will go back to work in 2026.
I will then not touch this monies for another 4 to 5 years.

As the market is so high i'm leary about putting the entire amount in a a low cost S&P 500 ETF.

Looking for suggestions to point me in the right direction so I can research more.

Thanks
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retired@50
Posts: 14996
Joined: Tue Oct 01, 2019 2:36 pm
Location: Living in the U.S.A.

Re: 401k rollover investments advice

Post by retired@50 »

Camino wrote: Mon Oct 28, 2024 6:58 pm Looking for suggestions to point me in the right direction so I can research more.

Thanks
Welcome to the forum.

You'll probably need to begin with some reading. Deciding on an asset allocation that you can live with is probably Job #1.

Start here: https://www.bogleheads.org/wiki/Getting_started

Regards,
"All of us would be better investors if we just made fewer decisions." - Daniel Kahneman
RetiredAL
Posts: 4229
Joined: Tue Jun 06, 2017 12:09 am
Location: SF Bay Area

Re: 401k rollover investments advice

Post by RetiredAL »

Camino wrote: Mon Oct 28, 2024 6:58 pm Hello

I'm 60 and have 300,000k that I just rolled over from a 401k to Fidelity IRA. Im taking some time off and will withdraw no more than 40 total then will go back to work in 2026.
I will then not touch this monies for another 4 to 5 years.

As the market is so high i'm leary about putting the entire amount in a a low cost S&P 500 ETF.

Looking for suggestions to point me in the right direction so I can research more.

Thanks
Was this invested while still in the 401K? What has changed in these few days of the roll-over process to scare you away from where you were just previous to the roll-over? If it was still in the 401K, would you today be taking that 401K to cash?
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retiredjg
Posts: 55750
Joined: Thu Jan 10, 2008 11:56 am

Re: 401k rollover investments advice

Post by retiredjg »

Camino wrote: Mon Oct 28, 2024 6:58 pm Hello

I'm 60 and have 300,000k that I just rolled over from a 401k to Fidelity IRA. Im taking some time off and will withdraw no more than 40 total then will go back to work in 2026.
I will then not touch this monies for another 4 to 5 years.

As the market is so high i'm leary about putting the entire amount in a a low cost S&P 500 ETF.

Looking for suggestions to point me in the right direction so I can research more.

Thanks
Welcome to the forum.

The money has been invested in a high market. Selling and buying again (reinvesting immediately) is just a sideways move and not to be worried about.

If you no longer feel comfortable for the same stock to bond ratio you had before, add some/more bonds or other fixed income investments.
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