I need to roll over my 401k into an IRA what is a good company. I'm also looking for a good 529 company?

Question

My 401k is less than $1000 and I would be putting about $100 a month into it (eventually more). I'm also looking for a good 529 that I would be putting about $100 a month into (eventually more), my son is 3. My boyfriend's parents said to shop around because your state's plan might not have the best returns and it doesn't matter what state the company is based out. I bank with Wells Fargo but I have noticed that their interest rates are way lower than most companies usually.

Answer 1

roll your 401k into a Roth IRA... go to a financial advisor and get set up with some good mutual funds for your IRA.. you dont want to deal with a bank as they will put you in a boring IRA that wont make money.. i have our Roth IRA through Edward Jones and they have some good programs for 529s... you can shop this stuff online also but i dont know enough myself.. i have a good financial planner that is a good teacher and he tells us not to buy his high sales commision products and buy the smart ones..  

Answer 2

You can open a Roll over IRA with Fidelity investments.  Not only they are very professional and helpful, they have numerous mutual funds to choose from.  Consider Roth IRA as well, besides the traditional one.

For 529, I would suggest looking into your state sponsored plan, if any.  many states have their own 529 plans, and the advantage is that anyone who contributes can take a state tax deduction.  The flip side is that these plans may not be "the best performing" ones./